Corn prices are holding steady early on Friday, morning, as traders square up ahead of the monthly USDA report. Futures saw a pullback on Thursday, with contracts down ¼ to 2 cents across the board at the close. Open interest was up 8,017 contracts on Thursday, mainly in the March and July contracts. The CmdtyView national average Cash Corn price was down 1 1/2 cents at $4.62 3/4.
USDA’s Export Sales report showed 769,468 MT of corn sales in the week ending on October 1. That was back up from last week by 43.6%, but 65.9% below the same week last year. Mexico was the top buyer of 508,800 MT, with Colombia purchasing 196,600 MT, and 96,800 MT to Japan.
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