Corn futures closed Friday session with a profit of 6 to 8 cents in the front months as the bear shut down the gas over the weekend before Monday’s USDA report. This week was July 11 ENTS Saint below, lost 14 The St. in December. Front Month CMDTYVIEW National Average Cash corn The price was 8 cents at $ 3.94.
Next to the USDA Grain Stock Report, analysts estimate that the stock is estimated at a total of 4.625 billion in the stock on 1 June. If it is felt, it will be below 372 MBUs before the year. The limit of estimates is 4.459 to 4.798 BBU. Monday’s acre report is expected to show 95.4 million acres for corn as per the Bloomberg survey on ~ 200,000 acres from March.
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Traders’ weekly CFTC commitment report indicated the big managed money speck traders in corn futures and options trimmed 2,506 contracts from their big net short status. Till Tuesday, he kept a net shortage of 182,282 contracts.
The total commitments of export sales data are 67.574 MMT, which is 99% of the USDA’s launch throughout the year and slightly behind the average sales speed.
From this morning, Statistics Canadian data showed the approximate Canadian acre to 2.2% in 3.732 million acres from a year ago.
July 25 Corn Closed at $ 4.17 1/2, up to 8 cents,
Cash $ 3.94 was 8 cents,
September 25 Corn Closed at $ 4.11 1/2, up to 7 1/2 cents,
25 December Corn Closed at $ 4.27, up to 6 cents,
New crop cash $ 3.84 3/8, 6 was up to 1/4 cents,
On the date of publication,
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