Corn futures ended Friday’s session near lows on the day, as contracts fell anywhere from ¼ to 5 ½ cents. December options expired today.
USDA’s delayed Export Sales report tallied corn stocks in the week ending November 16 at 1,432 MMT. That was on the high side of trade estimates of 700,000 MT and 1.6 MMT. It was behind last week’s grand total, but still the third biggest week of sales this Marketing Year. Export commitments (shipped and unshipped sales) are now at 22,531 MMT, 43% of the USDA forecast versus the 49% average sales pact now.
The Biden Administration’s EPA denial of hardship waivers for small refiners was struck down by a US appeals court on Wednesday.
Dec 23 Corn closed at $4.63 1/4, down 5 1/2 cents,
Close Cash was $4.39 3/4, down 5 1/4 cents,
Mar 24 Corn closed at $4.82 1/2, down 5 1/4 cents,
24 May Corn closed at $4.94 1/2, down 4 1/2 cents,
As of the date of publication, Alan Brugler 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 for informational purposes only. For more information, please see Barchart’s Disclosure Policy here.
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