The corn market is showing slight strength on the Tuesday session, with contracts up 2 to 3 cents so far. The CmdtyView national average Cash Corn price is up 2 ¼ cents so far at $3.92 ½.
Ahead of the expected USDA Crop Production report on Friday, a Reuters poll of analysts showed corn yield expected to drop 2.7 bpa to 184 bpa, as prodcton is seen at 16.557 bbu, a 257 mbu drop from the September report if realized.
ANEC estimates the November Brazilian corn export total at 6.04 MMT, a 0.47 MMT increase over the previous estimate
Taiwan importers issued a tender for 65,000 MT of corn in a tender that closes on Thursday.
Dec 25 Corn is at $4.32, up 2 1/4 cents,
Nearby Cash is at $3.92 1/2, up 2 1/4 cents,
Mar 26 Corn is at $4.46 3/4, up 2 1/4 cents,
May 26 Corn is at $4.55 3/4, up 2 1/4 cents,
