Corn futures rounded out the Monday commerce with contracts up 2 to three cents throughout most contracts, as futures firmed up into the shut.
Export Inspections information confirmed 1.6 MMT (62.99 mbu) of corn shipped within the week that ended on October 2, which was a rise of three.94% from the week prior and 68.74% above the identical week final 12 months. Mexico was the highest vacation spot of 457,117 MT, with 231,859 MT to Japan and 207,861 MT to Spain. Advertising 12 months shipments have totaled 6.709 MMT (264.11 mbu), 56.06% bigger yr/yr.
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USDA’s Crop Progress report was not revealed because of the authorities shutdown. The commerce was searching for corn harvest to close 29% full as of Sunday, with circumstances seen close to 65% good/glorious (down 1% from final week).
AgRural estimates the Brazilian first corn crop at 40% planted as of Thursday within the heart south area. Final 12 months on the identical week was listed at 37%. Brazilian corn exports in September totaled 7.56 MMT based on the nation’s commerce information That was a ten.43% enhance from August and 17.77% bigger than final 12 months.
Dec 25 Corn closed at $4.21 3/4, up 2 3/4 cents,
Mar 26 Corn closed at $4.38 1/4, up 2 1/2 cents,
Might 26 Corn closed at $4.47 1/4, up 2 cents,
On the date of publication,
Austin Schroeder
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