Corn Falling on Friday
Corn futures are feeling the pressure ahead of the weekend, with losses of 5 to 9 cents. The national average Cash Corn price from cmdtyView is back down 9 ¼ cents at $4.51 1/4. President Trump has released a statement saying he will announce reciprocal tariffs on many countries next week.
Export Sales data totaled corn bookings for 2024/25 at 1.477 MMT, which took the total commitments for the year to 44.767 MMT. That is 72% of USDA’s estimate, compared to the 70% average pace.
A South Korea importer purchased a total of 63,000 MT of corn in a private deal late on Thursday.
Argentina’s corn crop was estimated at 25% excellent and 49% normal according to the Buenos Aires Grains Exchanges, down 3% and 1% respectively from last week, with poor ratings up 4% to 26%.
Mar 25 Corn is at $4.86, down 9 1/4 cents,
Nearby Cash is at $4.51 1/4, down 9 1/4 cents,
May 25 Corn is at $4.98 3/4, down 8 3/4 cents,
Dec 25 Corn is at $4.64 1/2, down 5 1/4 cents,
New Crop Cash is at $4.32 1/4, down 5 3/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.