Corn

Corn futures are trading 2 to 3 cents lower in the front months at midday. The USDA reported that 1.505 MMT of corn was inspected for export during the week of 4/12. That was down 22.45% from last week’s MY high but 12.41% larger than this time last year. This afternoon’s USDA Crop Progress report is expected to show little progress in corn planting with the below average soil temps. Some sources expect US planting to be 4% completed. The CFTC report on Friday afternoon showed the managed money spec funds adding 34,700 contracts to their net long position in the week ending 4/10/18.

May 18 Corn is at $3.84, down 2 1/4 cents,

Jul 18 Corn is at $3.92 1/4, down 2 1/4 cents,

Sep 18 Corn is at $3.99 1/4, down 2 1/4 cents

Dec 18 Corn is at $4.08 1/4, down 2 1/2 cents




Market Commentary provided by:

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