Corn futures rallied into the Labor Day weekend with contracts up 10 to 12 ½ cents as some cash circulation gave the bulls a lift to finish the month. December closed the week 8 /4 cents larger, helped by the Friday transfer. The CmdtyView nationwide common Money Corn value was up 17 1/4 cents at $3.84. The market might be closed on Monday because of the Labor Day vacation, with a standard open on Monday night time for the Tuesday session. 

Dedication of Merchants information confirmed spec merchants in corn futures and choices reducing their massive internet brief place by 33,964 contracts to 110,686 contracts as of Tuesday. A lot of that got here by way of brief masking, with the variety of shorts down 21,103 contracts. Commercials elevated their internet brief place by 29,494 contracts to 87,239 contracts as of August 26^th.

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USDA Export Gross sales information has outdated crop corn commitments at 70.475 MMT, which is 98% of the total 12 months export forecast, and lags the 103% common gross sales tempo. New crop enterprise is at 18.775 MMT, which is the second largest for the present week on report behind 2021/22. 

Sep 25 Corn  closed at $3.98, up 12 1/2 cents,

Close by Money  was $3.84, up 17 3/4 cents,

Dec 25 Corn  closed at $4.20 1/4, up 10 1/4 cents,

Mar 26 Corn  closed at $4.37 3/4, up 10 1/4 cents,

New Crop Money  was $3.79 1/8, up 15 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.

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