Corn futures pulled out the benefit of the initial session, but still closed Thursday’s session with 2 to 4 percent profit. This week was September 8 ENTS Saint above, a dime benefit was seen in December. Front Month CMDTYVIEW National Average Cash corn The price was 2 1/4 cents up at $ 4.06 3/4. The market will be closed on Friday for Independence Day, opening a normal Sunday night.
President Trump is expected to give a speech this evening, with some thinking, it may include business topics.
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According to the USDA, a private export sales of 156,000 tonnes of corn for 2024/25 this morning were sold to unknown destinations this morning.
The next week is expected to cover the western corn belt, expecting 1 to 2 inches. Litter yogas reaching an inch or less are seen in ECB.
The USDA’s export sales report from this morning shown 532,745 MT of the old crop corn booked in the week ended on 26 June, looking for between 0.4 and 1 mm in the bottom of the traders. It was a marketing year short, but is 49.2% above the same week in 2024. The largest buyer South Korea was on 273,700 Mount, with 157,100 tonnes of Mexico. The sales of the new crop were 940,159 metric tonnes, higher than the expected range of 500,000 to 900,000 MT. This was a marketing year high and currently leads to sales of 4.5 mmt, 29.6% above 28.6% last year. Mexico was a major buyer of 435,700 Mount, with 242,700 tonnes sold to Japan.
The census showed the monthly export figures 7.29 MMT (287 MBU) exported in May, which was 22.14% from last year, but below April 6.4%. It reached a total of 882 MBUs in the third quarter, a total of 2.09 billion in the entire year. Distiller exports were up 2.67% from April to 918,108 Mount, below 9.31% last year. Ethanol exports were a record for the months of 184.67 million gallons.
July 25 Corn $ 4.31 closed at 1/2, up to 2 1/4 cents,
Cash $ 4.06 3/4, 2 1/4 cents,
September 25 Corn Closed at $ 4.20 1/4, up to 2 1/4 cents,
25 December Corn Closed at $ 4.37, up to 3 1/2 cents,
New crop cash $ 3.95 1/1, 2 3/4 cents,
On the date of publication,
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