Corn Closes Monday with Losses
The corn market rounded out the Monday session with contracts posting fractional to 2 ¼ cent losses. The CmdtyView national average Cash Corn price was 2 ¼ cents lower at $3.69 1/2. December has averaged a $4.18 close since the first of October.
Amid the government shutdown, Monday is Columbus Day, a federal holiday. Thus, the Export Inspections report that would normally be out this morning is pushed back to Tuesday. With the shutdown, we won’t be getting a Crop Progress report, though a Reuters survey estimates the crop at 44% harvested.
AgRural estimates the Brazilian first corn crop at 45% planted as of Thursday in the central south region. That is ahead of the 41% of the same period last year.
Dec 25 Corn closed at $4.10 3/4, down 2 1/4 cents,
Nearby Cash was $3.69 1/2, down 2 1/4 cents,
Mar 26 Corn closed at $4.27 1/4, down 1 3/4 cents,
May 26 Corn closed at $4.36 1/2, down 1 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.