Corn futures closed out the Monday session with contracts up 6 ¾ to 11 ¾ cents across the board. The national average Cash Corn price from cmdtyView was up 12 1/4 cents at $3.80 1/4 per bu.
The weekly Crop Progress report from NASS showed the US corn crop at 92% dented, with 61% listed as mature. Harvest pace was listed at 14% complete, 3 percentage points ahead of the 5-year average. Condition ratings were left unchanged in the combined gd/ex categories at 65%, with 1% dropping from excellent to good and pulling the Brugler500 index down 1 point to 364.
This morning’s Export Inspections report showed a total of 1.102 MMT (43.42 mbu) of corn shipped in the week that ended on September 19. That was a sharp improvement over the week prior and 55.2% larger than the same week in 2023. A bulk was shipped to Mexico, totaling 469,868 MT, with 311,415 MT headed to Columbia and 131,290 MT to Japan. A total of 2.14 MMT of corn has been shipped during the MY (84.38 mbu), which is now 5.94% above the same time last year.
AgRural expects the Brazilian first corn crop at 26% planted as of Thursday.
Dec 24 Corn closed at $4.13 1/2, up 11 3/4 cents,
Nearby Cash was $3.80 1/4, up 12 1/4 cents,
Mar 25 Corn closed at $4.31 3/4, up 11 3/4 cents,
May 25 Corn closed at $4.42 1/2, up 11 1/2 cents,
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