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Yahoo
2 hours ago
- Business
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Corn Closes Thursday with Gains as Export Business Gives Bulls a Boost
Corn futures held onto the Thursday gains into the close, after December held the $4 mark on Wednesday. Contracts closed with 4 to 6 cent gains. The CmdtyView national average Cash Corn price was up 4 3/4 cents at $3.67 1/4. USDA reported two separate private export sales of 106,680 MT to Mexico and 105,000 MT to Guatemala, both for 2025/26 shipment. More News from Barchart Coffee Prices Settle Lower on Tariff Woes Tariff Turmoil Weighs on Coffee Prices The Bullish Cattle Stampede Rumbles On. Here's What to Watch Next After Record Cattle Highs. Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Export Sales data showed 170,428 MT in old crop corn sales, the second lowest for the MY, during the week of July 31. Mexico was the buyer of 208,400 MT, with Colombia buying 148,900 MT, as unknown saw reductions of 491,700 MT which were mostly switched to a destinations. New crop business blew past the expectations, at 3.16 MMT in total. That takes the total sales for 2025/26 to 11.777 MMT, the second highest for the current week on record behind 2021/22 (when China was an active buyer). Unknown was the buyer of 1.28 MMT, with Mexico in for 408,000 MT and South Korea buying 402,000 MT. Sep 25 Corn closed at $3.84 1/2, up 4 3/4 cents, Nearby Cash was $3.67 1/4, up 4 3/4 cents, Dec 25 Corn closed at $4.07, up 5 3/4 cents, Mar 26 Corn closed at $4.24 1/2, up 5 1/4 cents, New Crop Cash was $3.65 3/4, up 5 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
a day ago
- Business
- Yahoo
Corn Pulls of Lows into Wednesday's Close
Corn bulls were battling back on the Wednesday session, as contracts closed out the session with just fractional to 1 ¾ cent losses in most nearbys. The CmdtyView national average Cash Corn price was down 2 1/4 cents at $3.63 3/4. The weekly EIA data showed a total of 1.081 million barrels per day of ethanol was produced during the week ending on August 1, a drop of 15,000 bpd from the previous week. With the drop in output, stocks saw a draw of 960,000 barrels to 23.756 million barrels. Refiner inputs of ethanol were up 2,000 bpd to 922,000, with exports dropping a total of 38,000 bpd to 116,000. More News from Barchart Arabica Coffee Prices Sharply Higher on Brazil Coffee Crop Concerns Arabica Coffee Supported by Dry Conditions in Brazil The Bullish Cattle Stampede Rumbles On. Here's What to Watch Next After Record Cattle Highs. Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today! Export Sale estimates ahead of the Thursday morning release are calling for between 200,000 and 400,000 MT in old crop corn sales during the week of July 31. New crop business is estimated to total 1.3-2.5 MMT, as 1.1 MMT was already announced via daily releases last week. A South Korean importer purchased 68,000 MT of corn in their tender originally for 140,000 MT overnight. Brazil exported a total of 2.434 MMT of corn during July, which was a drop of 31.51% from last year's total but well above the June total. A slower second crop harvest and soybeans still taking up a large chunk of the vessel lineup were a factor. Sep 25 Corn closed at $3.79 3/4, down 1 3/4 cents, Nearby Cash was $3.63 3/4, down 2 1/4 cents, Dec 25 Corn closed at $4.01 1/4, down 3/4 cent, Mar 26 Corn closed at $4.19 1/4, down 3/4 cent, New Crop Cash was $3.60 3/4, down 1 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Business
- Yahoo
Corn Losses Continue on Wednesday Morning Trade
Corn prices are down 1 to 2 cents early on Wednesday morning as futures continue to descent. Futures posted losses of 4 to 5 ½ cents to round out the Tuesday trade, as pressure continues to weight on the market. Preliminary open interest data showed net new selling, up 24,510 contracts on Tuesday. The CmdtyView national average Cash Corn price was down 5 3/4 cents at $3.65 1/4. USDA reported a private export sale of 128,000 MT of new crop corn to unknown destinations on Tuesday morning. More News from Barchart Arabica Coffee Prices Sharply Higher on Brazil Coffee Crop Concerns Arabica Coffee Supported by Dry Conditions in Brazil Can Sugar Break Out from Its Bearish Trend? Markets move fast. Keep up by reading our FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines. Monthly Census trade data was released on Tuesday morning, showing June corn exports at the second largest all-time for the month at 6.747 MMT (265.62 mbu). That was up 22.76% from a year ago, but still 7.43% below May. Ethanol exports were a record for the month at 173.67 million gallons, a 29.58% increase yr/yr but 5.95% below May. Distillers exports were a 5 year low for the month at 917,307 MT A South Korean importer purchased 68,000 MT of corn in their tender originally for 140,000 MT overnight. Sep 25 Corn closed at $3.81 1/2, down 5 1/2 cents, currently down 1 3/4 cents Nearby Cash was $3.65 1/4, down 5 3/4 cents, Dec 25 Corn closed at $4.02, down 5 cents, currently down 1 1/2 cents Mar 26 Corn closed at $4.20, down 4 3/4 cents, currently down 1 1/2 cents New Crop Cash was $3.61 1/2, down 5 3/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
2 days ago
- Business
- Yahoo
Corn Losses Continue Deeper on Tuesday
Corn continues to push lower on Tuesday, as contracts are down 4 to 6 cents so far at midday. The CmdtyView national average Cash Corn price is down 5 3/4 cents at $3.65. USDA reported a private export sale of 128,000 MT of new crop corn to unknown destinations this morning. More News from Barchart Coffee Prices Rally on Below-Average Rainfall in Brazil Below-Average Rain in Brazil Supports Coffee Prices Is the Corn Market Undervalued? Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Monthly Census trade data was released this morning, showing June corn exports at the second largest all-time for the month at 6.747 MMT (265.62 mbu). That was up 22.76% from a year ago, but still 7.43% below May. Ethanol exports were a record for the month at 173.67 million gallons, a 29.58% increase yr/yr but 5.95% below May. Distillers exports were a 5 year low for the month at 917,307 MT USDA's Crop Progress report from Monday showed the US corn crop at 88% silking, with 42% in the dough stage. The crop was also listed at 6% dented. Conditions were steady this week, at 73% gd/ex and 384 on the Brugler500 index. By state, MI saw the largest improvement, up 24 points, with IN up 4, MO 5 points higher, MN improving 2 points and NE 1 point better. KS saw a 11 point drop, with IA down 2, IL slipping 4 points, and OH back down 7. A South Korean importer tendered for 140,000 MT of corn overnight, with a Wednesday deadline. Sep 25 Corn is at $3.81 1/4, down 5 3/4 cents, Nearby Cash is at $3.65, down 5 3/4 cents, Dec 25 Corn is at $4.02 1/4, down 4 3/4 cents, Mar 26 Corn is at $4.20, down 4 3/4 cents, New Crop Cash is at $3.61 1/4, down 6 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on
Yahoo
6 days ago
- Business
- Yahoo
Corn Falls Back on Friday
Corn futures closed out the Friday session with contracts down 2 to 4 ¼ cents, as September was a dime lower on the week and December down 8 ¼ cents. The CmdtyView national average Cash Corn price was down 3 1/2 cents at $3.73 1/2. A couple more private export sales were announced this morning, with 125,000 MT to unknown destinations, with another 227,160 MT for unknown (during the reporting period) both for 2025/26. That took this week's announced flash sales to 1.147 MMT for new crop. More News from Barchart Brazil Tariff Risks Underpin Arabica Coffee Prices Arabica Coffee Rises as Tariff Risks Remain Cocoa Prices Settle Sharply Higher on Supply Woes Tired of missing midday reversals? The FREE Barchart Brief newsletter keeps you in the know. Sign up now! Grain Crushing data showed 447.97 mbu of corn used for ethanol during June, which was up 0.8% from last month and 0.41% larger than June 2024. CFTC data indicated a total of 3,820 contracts of futures and options were added to the spec fund net short in corn as of Tuesday, taking it to 181,185 contracts by July 29. Sep 25 Corn closed at $3.89 1/2, down 4 1/2 cents, Dec 25 Corn closed at $4.10 3/4, down 3 cents, Mar 26 Corn closed at $4.28 1/4, down 2 1/4 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
