
Corn futures extended the losses following the USDA data release on Monday, as futures closed with 22 to 24 ¼ cents in the front months. Deferred contracts were down 5 to 14 ½ cents. The CmdtyView national average Cash Corn price was down 24 cents at $3.83 1/4.
A private export sale announcement of 204,000 MT of corn was announced to South Korea this morning by USDA, with another 310,000 MT of corn sold to unknown destinations. That news was buried by other not so friendly USDA reports.