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Corn futures are buying and selling with noon losses of 1 to 2 1/2 cents on Thursday. The CmdtyView nationwide common Money Corn value is up ½ cent to $3.94 1/2.
EIA knowledge from this morning confirmed ethanol manufacturing within the week ending on 2/13 at 1.118 million barrels per day, up 8,000 bpd from the week prior. Shares rose 341,000 barrels to 25.588 million barrels.
Export Gross sales knowledge shall be launched on Friday morning with merchants in search of between 0.6 and a pair of.2 MMT of corn offered within the week ending on 2/12.
USDA’s armchair estimate for the US corn stability sheet was launched by way of this morning’s Ag Outlook Discussion board. Acreage was estimated at 94 million acres, a drop of 4.8 million acres if realized this spring and under estimates. Corn manufacturing was estimated to complete 15.755 bbu, with pattern yield pegged at 183 bpa.
Worldwide Grains Council knowledge confirmed corn shares unchanged at 305 MMT for 2025/26, as consumption was up 1 MMT.
Mar 26 Corn is at $4.24 1/2, down 2 1/2 cents,
Close by Money is at $3.91 1/4, down 2 1/2 cents,
Could 26 Corn is at $4.35, down 1 3/4 cents,
Jul 26 Corn is at $4.43 1/2, down 1 1/4 cents,
On the date of publication, Austin Schroeder didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All data and knowledge on this article is solely for informational functions. This text was initially revealed on Barchart.com
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