The corn market was beneath strain in sympathy with the beans and different some outdoors strain on Friday. Contracts closed down 4 to five ¼ cents, with December 6 cents decrease this week. The CmdtyView nationwide common Money Corn worth was down a nickel at $3.71 3/4.
The common shut for December futures to this point this month has been $4.19. The entire month common worth is used to find out the harvest worth for crop insurance coverage.
Spillover strain was famous from sharp losses in soybean futures following a President Trump submit and threats to extend tariffs, which proceeded to be introduced beginning on November 2 following the shut. Outdoors strain from $3.31 losses in crude oil was additionally weighing available on the market.
Harvest ought to proceed to roll over the subsequent week with little or no precip anticipated throughout a majority of the US.
The Buenos Aires Grain Change estimates the Argentina corn crop at 26% planted.
Dec 25 Corn closed at $4.13, down 5 1/4 cents,
Close by Money was $3.71 3/4, down 5 cents,
Mar 26 Corn closed at $4.29, down 5 cents,
Might 26 Corn closed at $4.38, down 4 3/4 cents,
On the date of publication, Austin Schroeder didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. This text was initially printed on Barchart.com
