Corn Futures closed the session on Wednesday with contracts of 2 to 4 cents in most contracts. Merchants continue to place bets before updates to supply and demand on Friday. The price of average CMDTYVIEW CMDTy corn fell 2 3/4 cents to $ 3.72 ¼.
EIA data published this morning showed the production of ethanol during the week ending on September 5 at 1.105 million barrels per day, up 30,000 BPD compared to the previous week. Actions have seen a construction of 273,000 barrels at 22.837 million barrels. Ethanol exports this week were 121,000 barrels per day, up 32,000 b / d last week. The refinee entries fell from 35,000 B / d to 880,000 BPD.
The data on export sales will be published Thursday morning, the merchants expecting between 0.9 and 2.4 mmt in 2025/26 corn sales in the week which ended on September 4.
The USDA will publish its monthly crop production report on Friday, with a Reuters survey with analysts looking for a reduction of 2.6 BPA to sell this month to 186.2 BPA. Production is observed at 16.516 BBU, which would be down 226 Mbu of the August estimate. The Wasde report will also be published, traders looking for former American corn crops ending the actions at 1,311 BBU, up 6 Mbu in August, because a new harvest should be down 106 Mbu to 2.011 BBU.
A South Korean importer issued an offer of 140,000 Mt of corn with a deadline of September 11. The exchange of rosario grains estimates the production of corn in 2024/25 Argentina at 50 mmt, with the production number 2025/26 to 61 mmt, citing if there is “normal precipitation”.
Sep 25
The nearby money was $ 3.72 1/4, down 2,3/4 cents,
December 25 Corn closed at $ 4.17, down 2,3/4 cents,
March 26 Corn closed at $ 4.34 1/2, down 3 cents,
The new species of crops was $ 3.72 3/8, down 2,3/4 cents,
On the date of publication, Austin Schroeder had (directly or indirectly) positions in any of the titles mentioned in this article. All information and data of this article are only for information purposes. This article was initially published on Barchart.com
