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Austin Schroeder

UNBELIEVABLE: Corn holding higher on thursday | History Defined

Oil CmdtyView

Corn futures are trading with 3 to 4 cent gains at midday, as March is up 5 ¾ ahead of Friday’s expiration. The CmdtyView national averageCash Corn price is up 3 1/4 cents to $4.20 ¾. Crude oil is up another $7.90 on Thursday.

Export Sales data from this morning showed 1.53 MMT of corn sold in the week ending on March 5, in the middle of traders’ estimates for between 0.8-2.2 MMT in corn sales for old crop. That was down from last week, but 58.2% larger than the same week last year. New crop sales were just 500,000 MT.

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