Tower contracts on corn are negotiated with gains from 4 to 5 and a half years old on most contracts at noon on Monday. The price of corn in cash of new average CMDTYVIEW is down 5 cents to $ 3.71 3/4.
The USDA reported a private export sale of 225,000 Mt of corn in Mexico this morning for 2025/26. 229,000 others were sold to unknown destinations, with 35,000 Mt for 2024/25 and 194,000 Mt for 2025/26.
The USDA counted the corn export expeditions to 1.522 mmt (59.93 Mbu) during the week ending on July 24. It was up 54.55% compared to last week and 42.16% above the same week last year. On this total, 610,316 Mt went to Japan, with 460,381 Mt en route for Mexico. Exports of the marketing year totaled 60.34 mmt (2,376 BBU), or 29.25% above the same period last year.
CFTC data from Friday afternoon showed a total of 2,610 contracts added to the short net period in monetary position managed on July 22 at 177,365 contracts.
During the weekend, President Milei of Argentina announced a reduction in the 9.5%corn export tax, compared to 12%. The Agrural estimates the second 68% Brazilian corn harvest collected Thursday, less than 91% completed compared to the same week of last year.
Sept. 25 The corn is $ 3.94, down 5 1/2 cents,
The nearby money is $ 3.78 1/4, down 5 3/4 cents,
December 25 The corn is $ 4.14 1/2, down 4 1/2 cents,
March 26 is $ 4.31 3/4, down 4 3/4 cents,
The new cash register is $ 3.71 3/4, down 5 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
