Corn prices were up 3 to 4 cents on Monday morning. Futures trading was mixed, with contracts ranging ½ cent to 2 cents higher. March was up 6 ¼ cents on the week, December was up 7 ¼ cents. Open interest on Friday was down by 20,505 contracts, with the majority (51,997) coming in May. CmdtyView’s national average cash corn price was down 1/2 cent at $4.20 3/4.
Commitment of Traders data shows that specialized funds added back to their net long positions with a total of 24,923 contracts in the week ended April 21. This brought his net long position to 184,406 contracts.
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Export sales data showed corn export commitments totaled 74.1 MMT as of April 16, up 28% from the same period last year. This lags behind the USDA export estimate of 88% and the 92% average.
A South Korean importer bought 65,000 metric tons of wheat in a private deal late Friday.
May 26 Mecca closed down 1/2 cent at $4.55, currently up 3 1/2 cents
cash nearby $4.20 was 3/4, down 1/2 cent,
26th July Corn Closed at $4.63 1/2, down 1/4 cent, currently up 4 cents
26 December Corn Closed at $4.84 1/4, up 3/4 cents, currently up 3 1/4 cents
new crop cash Was $4.41, up 1/4 cent,
On the date of publication, Austin Schroeder did not have (directly or indirectly) any positions in any securities mentioned in this article. All information and data in this article is for informational purposes only. Please see the Barchart Disclosure Policy here for more information.
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