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Barchart
Barchart
Austin Schroeder

Corn Trading Steady on Thursday Morning

CmdtyView

Corn futures are sticking close to unchanged on Thursday morning with contracts steady. The corn market was 3 to 4 cents higher across most contracts on Wednesday.  Preliminary open interest slipped back down 6,238 contracts on Wednesday, indicating some shorts covering. The CmdtyView national average Cash Corn price was up 3 ¾ cents at $3.74. 

EIA data will be pushed back to a Thursday release due to the Monday holiday, with some looking to see if ethanol output can continue to bounce back following last week. Export Sales data would normally be pushed to Friday due to the shutdown, though the government shutdown is suspending that. Traders estimate that corn bookings totaled 0.9 to 2 MMT in the week of 10/9.

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