Corn futures posted losses of 6 to 7 cents across the nearbys to close out the Thursday session. The CmdtyView national average Cash Corn price was down 6 1/4 cents to $3.89 3/4.
China reportedly purchased a cargo of US sorghum overnight.
Analysts estimated that US exporters sold 0.8-2 MMT of corn in the week ending on 10/30, as the report was not released on Thursday due to the shutdown.
Brazil’s corn exports during November are expected to total 5.57 MMT according to ANEC, which would be up from 4.92 MMT last year. Brazil’s official data showed October exports totaling 6.5 MMT, up from 6.4 MMT last year.
Dec 25 Corn closed at $4.28 3/4, down 6 1/2 cents,
Nearby Cash was $3.89 3/4, down 6 1/4 cents,
Mar 26 Corn closed at $4.43, down 6 1/2 cents,
May 26 Corn closed at $4.51 1/2, down 6 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. For more information please view the Barchart Disclosure Policy here.
More news from Barchart
- Grain Bulls Are Back in Business as China Resumes Soybean, Wheat Purchases. What Comes Next?
- China Wants to Buy U.S. Wheat. How to Play Wheat Futures Now.
- Upcoming U.S.-China Talks Create 1 Bullish Soybean Trade Here
- Corn and Soybean Rallies Just Gave Winter Wheat and Soybean Meal a Kick. What Comes Next?
