Corn futures are getting a pre-weekend bounce after a week of losses, as futures are up 3 to 5 cents across most contracts.
Monthly Grain Crushings data showed a total of 442.35 mbu of corn used for ethanol production during June. That was a slight improvement over June 2023, but a drop of 2.9% from May.
Brazil’s total 2024/25 corn crop is estimated at 123.14 MMT according to StoneX, a slight increase from the 23/24 projection at 121.8 MMT. The firm also expects the US corn crop to average 182.3 bpa this year, with a crop size a 15.207 bbu.
Sep 24 Corn is at $3.86 1/4, up 4 1/4 cents,
Nearby Cash is at $3.76 1/1, up 3 3/4 cents,
Dec 24 Corn is at $4.03, up 4 1/2 cents,
Mar 25 Corn is at $4.20, up 4 3/4 cents,
New Crop Cash is at $3.67 1/1, up 4 3/4 cents,
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