Corn Holding Lower at Midday

The way forward for the corn is traded with 4 to five cents, positive aspects throughout most contracts in the course of the day on Monday. Nationwide CMDTYVIEW nationwide money value decreased 5 cents at $ 3.71 4.

The US Division of Agriculture has reported the sale of a particular export of 225,000 tons of corn to Mexico this morning for 2025/26. Different 229,000 have been bought for unknown locations, with 35,000 metric tons for 2024/25 and 194,000 metric tons for 2025/26.

The US Division of Agriculture raised corn export shipments at 1.522 million metric tons (59.93 MB) in the course of the week ending July 24. This elevated by 54.55 % from final week and 42.16 % above the identical week final yr. From this complete, 610316 metric tons have been directed to Japan, with 460381 metric tons on its solution to Mexico. The overall advertising and marketing yr exports reached 60.34 million tons (2.376 BBU), which is 29.25 % increased than the identical interval final yr.

On Friday afternoon, CFTC information confirmed a complete of two,610 contracts that have been added to the quick community on the middle cash from July 22 to 177365 contracts.

In the course of the weekend, President Millie from Argentina introduced a lower within the corn export tax to 9.5 %, from 12 %. The Brazilian second corn crop is estimated at 68 % till Thursday, shy of 91 % filled with the identical week final yr.

September 25 of the atom at $ 3.94, a lower of 5/2 cents,

The close by funds at $ 3.78, 1/4, decreased 5/4 cents,

December 25 at $ 4.14 1/2, a lower of 4/2 cents,

March 26 of the atom at $ 4.31 3/4, a lower of 4 3/4 cents,

New crops money $ 3.71, 3/4, a lower of 5 cents,

On the date of publication, Austin Schroeder didn’t have positions (both immediately or not directly) in any of the securities talked about on this article. All data and information on this article are just for media functions. This text was initially printed on Barchart.com