Corn futures are trading with fractional to penny losses across the front months on Friday’ midday. December corn options expire today. The CmdtyView national average Cash Corn price is down a penny at $3.87 1/4.
International Grains Council data showed world corn production up just 1 MMT from last month in their Thursday update, with stocks up 1 MMT in no other major changes to the balance sheet.
The Buenos Aires Grain Exchange estimates the Argentina corn crop ay 37.3T% planted, a 0.7 percentage point increase on the week. That lags the same week last year. The crop is rated 79% in excellent to normal categories.
Dec 25 Corn is at $4.25 1/2, down 1 cent,
Nearby Cash is at $3.87 1/4, down 1 cent,
Mar 26 Corn is at $4.37, down 3/4 cent,
May 26 Corn is at $4.44 1/4, down 1 cent,
