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Barchart
Barchart
Austin Schroeder

Corn Sees Slight Losses on Friday

USDA CmdtyView United States

Corn futures rounded out the Friday session with contracts fractionally lower, as March managed to close the week with an 8 ¼ cent gain. Futures spent the session squaring up ahead of Monday’s USDA report. The CmdtyView national average Cash Corn price was down ¼ cent at $4.07 1/4. 

After Thursday’s Export Sales report, US corn export commitments are now 50.895 MMT as of January 1, a 30% increase from last year. That is also 63% of the current USDA export projection for the marketing year and ahead of the 61% average sales pace. Actual shipments are 27.414 MMT, which is 34% of USDA’s forecast and ahead of the 24% normal shipping pace.

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