Corn

Corn futures are fractionally to a penny higher in most contracts at midday. The USDA reported a private export sale of 131,300 MT of corn to Mexico this morning. The sale was broke down to 30,000 MT for delivery in 2017/18, with the remaining 101,300 MT set for 2018/19 shipment. There was also a sale of 117,000 MT for 2018/19 to Panama reported through the USDA’s daily reporting system. Corn export commitments are still 3.27% larger than last year despite this week's lower sales total from Thursday’s report. They are now 97% of the USDA export projection, with the typical pace at 99% and last year at 100%. China sold 739,954 MT of corn from state reserves on Friday, totaling 18.64% of the offered amount.

Jul 18 Corn is at $3.58, up 1 cent,

Sep 18 Corn is at $3.67 1/4, up 3/4 cent,

Dec 18 Corn is at $3.78 3/4, up 1/2 cent

Mar 19 Corn is at $3.88 1/2, up 3/4 cent




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