Corn futures closed the Thursday session with contracts fractionally to 4 cents higher across the board. March expires on Friday. The CmdtyView national average Cash Corn price was up 2 1/4 cents to $4.19 ¾. Crude oil was up another $9.15 on Thursday to add to some spillover support.
Export Sales data from this morning showed 1.53 MMT of old crop corn sold in the week ending on March 5. That was down from last week, but 58.2% larger than the same week last year. Japan was the top buyer of 670,000 MT, with 367,600 MT sold to Mexico and 209,100 MT to South Korea. New crop sales were just 500 MT.
