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Barchart
Barchart
Austin Schroeder

Corn Starting Monday with Slight Gains

USDA CmdtyView United States

Corn is showing Monday AM gains of 1 to 2 cents. Futures spent the Friday session squaring up ahead of Monday’s USDA report, with contracts fractionally lower. March managed to close the week with an 8 ¼ cent gain. Open interest was down 2,028 contracts. The CmdtyView national average Cash Corn price was down ¼ cent at $4.07 1/4. 

USDA will release a slew of data later this morning. The annual Crop Production report expected to show US corn production at 16.553 bbu, as yield is estimated at 184 bpa according to a Bloomberg survey of analysts. US corn ending stocks are estimated at 1.985 bbu, a 44 mbu reduction if realized.  

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