Front month corn futures were unchanged at the closing bell after a 7c range spent on both sides.
CONAB trimmed their production for Brazilian corn output by ~1 MMT to 112.75 MMT.
Texas Crop Progress data showed corn planting progressed 6% points to 20% finished. That is 2 ppts behind the average and down 7% points from last year’s pace. Milo planting progressed 9% points to 18% finished – matching the 5-yr average.
The weekly USDA Export Inspections data showed 1.122 MMT of corn was shipped during the week that ended 3/7. Total shipments were reported at 21.81 MMT, compared to 16.36 MMT at the same time last year.
May 24 Corn closed at $4.41 3/4, unch,
Nearby Cash was $4.15 1/8, up 1/2 cent,
Jul 24 Corn closed at $4.53 3/4, unch,
Dec 24 Corn closed at $4.72 3/4, unch,
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