Corn futures are holding onto 1 to 2 cent beneficial properties at noon. The CmdtyView nationwide common Money Corn worth is up 1 1/4 cents at $3.95 1/2.
USDA reported a personal export sale of 130,480 MT of corn to unknown locations this morning. Weekly knowledge might be out on Thursday, with merchants in search of between 0.8-2.1 MMT in corn offered for the week ending on 1/29.
EIA knowledge from this morning confirmed a complete of 956,000 barrels per day of ethanol manufacturing within the week of 1/30, down 158,000 bpd from the earlier week. Shares of ethanol have been down 264,000 barrels to 25.136 million barrels. Export have been up 59,000 bpd to 216,000 bpd, with refiner inputs of ethanol dropping 92,000 bpd to 791,000 bpd.
A South Korean importer bought a complete of 65,000 MT of corn in a personal tender on Tuesday.
Mar 26 Corn is at $4.29 1/2, up 1 cent,
Close by Money is at $3.95 1/2, up 1 1/4 cents,
Could 26 Corn is at $4.37, up 1 1/4 cents,
Jul 26 Corn is at $4.43, up 1 cent,
On the date of publication, Austin Schroeder didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions. This text was initially printed on Barchart.com
