Corn Fading Lower at Midday

Corn futures are trading with contracts down 1 to 3 cents at midday. The CmdtyView national average Cash Corn price is down 2 1/2 cents at $4.05 1/4.

USDA’s Export Sales report from this morning saw 1.295 MMT of 26/27 corn sales in the week of October 29, within a Reuters survey of traders looking for between 0.8-1.8 MMT. Tat was a 3-week low, and down 35.1% from the same week last year.

Turkey issued a tender for 295,000 MT of corn for import, with a deadline on the tender for November 12.

Dec 26 Corn is at $4.41 1/2, down 2 3/4 cents,

Nearby Cash is at $4.05 1/4, down 2 1/2 cents,

Mar 27 Corn is at $4.56, down 2 1/4 cents,

May 27 Corn is at $4.64 3/4, down 1 3/4 cents,

Dec 27 Corn is at $4.84 1/2, down 1 cent,

'27 New Crop Cash is at $4.47 1/2, down 1 cent,

On the date of publication, Austin Schroeder did not directly have a position 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.