Corn futures are trading with midday gains of 8 to 9 ¼ cents across the front months on Thursday. The CmdtyView national average Cash Corn price is up 8 1/2 cents at $3.70 1/2.
Export Sales data pegged old crop corn bookings at a net reduction of 27,109 MT, which was on the range of analysts estimates of 100,000 in net reduction to net sales of 300,000 MT. That was an improvement from the 88,686 MT in net reductions from last week. New crop business was tallied at the second largest for the marketing year at 2.86 MMT, above estimates to total between 0.9 and 2 MMT in the week ending on August 14. That was up 39.7% from last week.
