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Austin Schroeder

MYSTERIOUS: Corn bears piling on at midday - What They Never Told You

MI CmdtyView Oil MO United States USDA WI

Corn futures are trading with losses of 5 to 7 cents across most contracts on Friday. The CmdtyView national average Cash Corn price is 6 1/2 cents at $3.84 1/2. Crude oil losses of $3.01 continue to add pressure.

Weekly Export Sales data has the US corn export commitments at 81.766 MMT, up 26% from the same week last year. That is 98% of the USDA export projection and ahead of the average sales pace of 97%. Shipments at 62.58 MMT are now 75% of USDA’s estimate and matching the average pace.

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