Corn Following Wheat Higher on Friday

Corn is in rally mode, taking back the Thursday losses, with contracts up 9 to 10 cents. The CmdtyView national average Cash Corn price is up 9 3/4 cents at $4.28.

Continued spillover support from a wheat-led rally on rising Black Sea tensions has helped to extend corn’s bounce into the weekend.

Export Sales data has old crop corn sales at 87.503 MMT, which is 104% of the USDA number and ahead of the last few years’ pace. Accumulated shipments are 80.066 MMT, or 95% of the USDA export projection. New crop corn sales are now down 23.5% below the same period last year at 10.575 MMT. 

Sep 26 Corn is at $4.57, up 9 cents,

Nearby Cash is at $4.28, up 9 3/4 cents,

Dec 26 Corn is at $4.81 1/4, up 9 1/4 cents,

Mar 27 Corn is at $4.97 1/4, up 9 1/2 cents,

New Crop Cash is at $4.32 1/2, up 9 1/2 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. For more information please view the Barchart Disclosure Policy here.