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Barchart
Barchart
Austin Schroeder

Corn Pulls Out Gains into Monday’s Close

CmdtyView

Corn futures posted higher trade at Monday’s close with contracts fractionally higher in the nearbys. The CmdtyView national average Cash Corn price was a penny higher at $3.81 1/2. With less than 2 weeks left for the harvest price discovery for crop insurance, the average close has been $4.19 for December corn futures.

This morning’s Export Inspections report showed a total of 1.317 MMT (51.877 mbu) of corn shipped in the week of 10/16. That was 8.9% above the week prior and up 31.62% from the same week last year. Mexico was the largest buyer of 443,141 MT, with 207,621 MT shipped to Japan and 201,101 MT to Spain. The marketing year total is now at 9.338 MMT (367.63 mbu) of corn shipped, which is now 60.61% above the same period last year.

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