Corn futures rounded out the Thursday session with contracts up 3 to 4 cents on the shut. The CmdtyView nationwide common new crop Money Corn value was up 3 cents at $3.78.
USDA reported a non-public export sale of 135,000 MT of corn bought to South Korea (corrected from China as USDA initially posted) this morning for brand spanking new crop cargo. One other 284,196 MT was reported for unknown locations, with 83,956 MT for 2024/25 and 200,240 MT for 2025/26.
Export Gross sales knowledge confirmed a complete of 643,060 MT of 2024/25 corn bought within the week ending on July 17. That was nicely above the week prior and almost double the identical week final yr. Mexico was the highest purchaser of 346,200 MT, with 72,400 MT bought to Japan. New crop gross sales have been tallied at 733,939 MT, again up from final week’s 3-week low. Unknown locations was the highest purchaser of 349,700 MT, with 171,800 MT to Japan.
One other spherical of tenders by South Korean importers noticed estimated purchases of not less than 268,000 MT. A part of that was possible from the US as famous above.
Sep 25 Corn closed at $4.01 3/4, up 3 1/4 cents,
Close by Money was $3.87 3/4, up 2 1/4 cents,
Dec 25 Corn closed at $4.20 3/4, up 3 1/4 cents,
Mar 26 Corn closed at $4.38 1/4, up 3 1/2 cents,
New Crop Money was $3.78, up 3 cents,
On the date of publication, Austin Schroeder didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. This text was initially revealed on Barchart.com
