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Barchart
Austin Schroeder

Corn Bulls Extending Gains into the End of August

CmdtyView Export Inspections

Corn futures are trading with fractional to 2 cent gains so far on the day. There were 90 deliveries issued against September corn on First Notice Day. The CmdtyView national average Cash Corn price is back up 1 1/2 cents at $4.92 1/2.

Monday morning’s Export Inspections report showed corn shipments at 1.496 MMT (58.9 mbu) in the week of August 27. That was up 13.11% from the week prior and 6.12% above the same week last year. Mexico was the largest destination of 510,453 MT, with 264,474 MT shipped to South Korea and 173,086 MT to Japan. The marketing year total is now 83.81 MMT (3.299 bbu) of corn exports, which is now 25.14% ahead of the same period last year as the marketing year ends today.

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