Corn

Corn Bulls Hold Gains

EIA data will be pushed back to a Thursday release due to the Monday holiday, with some looking to see if ethanol output can continue to bounce back following last week. Export Sales data would normally be pushed to Friday due to the shutdown, though the government shutdown is suspending that. Traders estimate that corn bookings totaled 0.9 to 2 MMT in the week of 10/9.

Taiwan purchased 65,000 MT of corn from the US in their tender on Wednesday. Two separate South Korean importers purchased a total of 269,000 MT of corn in private tenders overnight, with no official origins listed.

Dec 25 Corn  closed at $4.16 3/4, up 3 3/4 cents,

Nearby Cash  was $3.74, up 3 3/4 cents,

Mar 26 Corn  closed at $4.32 1/4, up 3 cents,

May 26 Corn  closed at $4.41, up 3 cents,

Back to top button