Corn futures are falling back lower on Friday, with contracts down 5 to 5 ½ cents in the front months at midday. The CmdtyView national average Cash Corn price is down 5 cents at $3.90 1/2. The outside markets are playing a role, with the dollar index up $0.703 and crude oil down 94 cents/barrel.
Export Sales data now has corn commitments at 57.694 MMT, which is 33% above the same period last year. That is also 71% of the USDA export projection, ahead of the 67% average sales pace.
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Mar 26 Corn is at $4.25 3/4, down 5 cents,
Nearby Cash is at $3.90 1/2, down 5 cents,
May 26 Corn is at $4.33 3/4, down 5 1/4 cents,
Jul 26 Corn is at $4.40 1/2, down 5 1/4 cents,
