Corn futures are showing fractional gains across most contracts at the Tuesday’s midday. The CmdtyView national average Cash Corn price is up 1/4 cents to $4.04.
This morning’s USDA Export Sales update for the week of 12/11 showed 1.74 MMT of corn, on the high side of analysts’ estimates of between 0.9-1.8 MMT. That was a 17.9% increase from the data released on Monday for the week prior and 48.5% above the same week last year. Export sale commitments, which are now nearly caught up from the government shutdown, are 31% above the same week last year at 47.58 MMT (1.873 bbu).
