The Corn Market posted mixed trade, as the bull recently spread unknown. Near nearby were 3 to 4 cents below, the new crop with 2 The Saint in December. The spread of corn on May December is more than 30 cents on Friday, below 17 cents. Front Month CMDTYVIV National Average Cash Corn is priced at 4 CI $ 4.53 3/4.
The USDA released a private export sales of 110,000 meters in Portugal this morning for 2024/25 shipment. It follows the sales of 120,000 tonnes to Japan reported on Monday.
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NAS has longed 4% of the US corn crop until 13 April, which is just one tick behind the average speed of 5% 5-year. Kansas and Texas were the only states reported above normal. IA is expected to rain in the next week with heavy yoga in MO and KS, can limit some initial planting through next Monday.
The EIA data will be released on Wednesday morning, which will be expected to see stable ethanol production after a sharp decline last week.
25 May Corn Closed at $ 4.81 1/4, 3 3/4 cents below,
Cash $ 4.53 1/1, below 3 3/4 cents,
July 25 Corn Closed at $ 4.89 1/2, 3 1/4 cents below,
25 December Corn Closed at $ 4.64 1/4, up to 2 1/4 cents,
New crop cash $ 4.28 7/8, 1 1/2 cents,
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