The corn market held onto positive aspects on Friday, regardless of pulling off the highs into the shut. Futures had been fractional to 2 cents increased throughout most contracts, as December was up 9 ½ cents this week. The CmdtyView nationwide common Money Corn worth was up 1 1/4 cents at $3.81 1/2.
December corn futures have had a median shut of $4.18 thus far in October, used to find out the harvest worth for crop insurance coverage. That’s beneath the $4.70 from February however above the $4.16 harvest worth final 12 months.
Harvest ought to proceed within the subsequent week for a lot of the Western Corn Belt, with the ECB seeing 1-3 inches. That ought to put a slowdown on any later harvest, although it is going to add again to some decrease river ranges alongside the Mississippi. Yield outcomes to this point for some have been beneath expectations.
The Buenos Aires Grain Trade estimates the Argentina corn crop at 29.9% planted, forward of the identical time final 12 months and the typical tempo.
Dec 25 Corn closed at $4.22 1/2, up 3/4 cent,
Close by Money was $3.81 1/2, up 1 1/4 cents,
Mar 26 Corn closed at $4.36 1/2, up 1 cent,
Might 26 Corn closed at $4.45, up 1 1/4 cents,
On the date of publication, Austin Schroeder didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions. This text was initially revealed on Barchart.com
