Front month corn prices ended the day near their lows with 3 to 6 cent losses.
NASS issued the first national Crop Progress report of the 24/25 season showing corn planting began in IL, KS, KY, MO, TN, and TX. Nationally 2% of the crop was planted as of 3/31. Texas was 57% planted. Milo was 11% planted including 42% planted in Texas.
USDA’s weekly Export Inspections report had 1.431 MMT of corn shipped for the week that ended 3/28. That was up from 1.255 MMT last week and from 1.1 MMT during the week that ended last year. Mexico and Japan were the top destinations. The report had accumulated corn exports at 25.87 MMT as of 3/28 which is now 33.5% ahead of last year’s pace.
May 24 Corn closed at $4.35 1/2, down 6 1/2 cents
Nearby Cash was $4.15 3/8, down 5 1/4 cents,
Jul 24 Corn closed at $4.49 1/4, down 5 1/4 cents
Dec 24 Corn closed at $4.74 3/4, down 3 cents
On the date of publication, Alan Brugler 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 Disclosure Policy here.
Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.
