Corn futures are showing just fractional losses far on the Thursday session, despite better than expected export business. The national average Cash Corn price from cmdtyView is down ½ cent at $4.00 3/4 per bu.
Dryness for much of the US over the next week, with drier and warmer weather in the 8-14 day should allow for the producers to roll through harvest at a speedy pace.
The weekly Export Sales report showed a total of 1.684 MMT of corn booked in the week that ended on September 26. That was above the top end of the trade estimates and the largest in the 4 weeks of the marketing year so far. The largest buyer was Mexico with 540,800 MT in sales, wth Columbia in for 339,100 MT and Japan buying 244,000 MT.
Dec 24 Corn is at $4.31 3/4, down 3/4 cent,
Nearby Cash is at $4.00 3/4, down 1/2 cent,
Mar 25 Corn is at $4.49 1/2, down 1/2 cent,
May 25 Corn is at $4.58 1/2, down 1/4 cent,
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