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Barchart
Austin Schroeder

Corn Bulls Looking to Head into Christmas Break with Strength

CmdtyView

Corn prices are up 1 to 2 cents so far on Wednesday. Futures closed Tuesday with contracts fractionally to a penny higher. Preliminary open interest was up 946 contracts on Tuesday. The CmdtyView national average Cash Corn price was up 1/2 cent to $4.03. The markets will close early on Wednesday and remain closed for Christmas on Thursday with a hard open at 8:30 am CST on Friday. 

The Tuesday USDA Export Sales update for the week of 12/11 showed 1.74 MMT of corn. That was a 17.9% increase from the data released on Monday for the week prior and 48.5% above the same week last year. Export sale commitments, which are now nearly caught up from the government shutdown, are 31% above the same week last year at 47.58 MMT (1.873 bbu).

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