Corn futures are trading with contracts fractionally to 2 cents lower on Friday. The CmdtyView national average Cash Corn price is down 1 1/4 cents at $4.19 3/4.
Export Sales data has corn export commitments totaling 74.1 MMT as of April 16, a 28% increase from the same time last year. That is 88% of USDA’s export projection and behind the 92% average.
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A South Korean importer purchased a total of 67,000 MT of corn in a private deal overnight, following the 134,000 MT purchase by a separate importer on Thursday.
May 26 Corn is at $4.54 1/4, down 1 1/4 cents,
Nearby Cash is at $4.19 3/4, down 1 1/4 cents,
Jul 26 Corn is at $4.62 1/4, down 1 1/2 cents,
Dec 26 Corn is at $4.83, down 1/2 cent,
New Crop Cash is at $4.40 3/4, down 1 cent,
