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Barchart
Barchart
Austin Schroeder

DARK SECRETS: Corn pushing higher on friday - The Real Truth

Oil CmdtyView USDA

Corn futures are trading with 1 to 4 cent gains in the front months on Friday. March expires at the close, with another 49 deliveries issued overnight. The CmdtyView national average Cash Corn price is up 3 3/4 cents to $4.23 ¾. Crude oil is bouncing off early lows and up $1.19 at midday.

Export Sales data from Thursday brought the marketing year corn export commitments to 66.513 MMT, which is 32% larger than the same period last year. That is 79% of USDA’s export number and near the 80% average pace. Shipments at 41.74 MMT are now 50% of USDA’s number and running ahead of the 43% average pace.

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