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Barchart
Barchart
Austin Schroeder

Corn Easing Ahead of USDA Report

USDA

Corn price action is down 1 to 2 cents across most contracts on Friday morning. Futures were mixed on Thursday with most contracts steady to a couple cents higher and nearby, thin July down 5 ¼ cents. Traders were squaring up ahead of USDA’s report on Friday. Preliminary open interest was down 4,834 on Thursday. There were 33 deliveries issued against July futures overnight. The front month CmdtyView national average Cash Corn price was unchanged at $3.85 1/4.

USDA reported a private export sale of 110,000 MT of corn to unknown destinations on Thursday morning, all for new crop.

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