Corn futures are buying and selling with contracts 4 to six cents increased at Friday’s noon, as merchants sq. up forward of the Friday USDA reviews. The entrance month CmdtyView nationwide common Money Corn value is up 5 3/4 cents at $3.92 3/4.  

Forward of the USDA Grain Shares report, analysts estimate a complete of 4.625 billion bushels of corn in shares on June 1. That might be down 372 mbu from the yr prior if realized. The vary of estimates is at 4.459 to 4.798 bbu. Monday’s Acreage report is anticipated to point out 95.4 million acres for corn in accordance with a Bloomberg survey, up ~200,000 acres from March. 

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Export Gross sales information has complete commitments at 67.574 MMT, which is 99% of USDA’s full yr projection and barely behind the 100% common gross sales tempo. 

Statistics Canada information from this morning confirmed estimated Canadian corn acreage at 3.732 million acres, up 2.2% from a yr in the past.

Jul 25 Corn is at $4.15 1/2, up 6 cents,

Close by Money is at $3.92 3/4, up 5 3/4 cents,

Sep 25 Corn is at $4.09, up 5 cents,

Dec 25 Corn is at $4.25 1/4, up 4 1/4 cents,

New Crop Money is at $3.82 1/2, up 4 1/2 cents,

On the date of publication,

Austin Schroeder

didn’t have (both immediately 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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