
Corn futures are showing 4 to 7 cent gains so far on Friday. There were 5 deliveries against March corn futures overnight. Crude oil futures are up $10.10 at midday to continue the spillover support. The CmdtyView national average Cash Corn price is up 4 1/4 cents to $4.16.
Export Sales data shows total corn export commitments at 64.982 MMT, which is now 78% of the USDA export projection, matching the average sales pace. Actual exports are 40.024 MMT according to FAS data, 48% of USDA’s number and ahead of the 40% average shipping pace.