Corn futures discovered energy through the day session on Monday, with contracts up 1 to 2 cents on the closing bell.
NASS reported that the US corn crop was 95% within the dough stage as of September 8, with 74% dented, each 1% forward of regular. The crop was additionally reported at 29% mature, 5% above the 5-year common, with harvest working 2 proportion factors forward at 5%. Situation scores slipped 1% to 64% gd/ex with the Brugler500 index remaining unchanged at 364 on a 1% enchancment from good to glorious.
Weekly Export Inspections knowledge confirmed 836,413 MT of corn shipped through the week that ended on September 5, with 468,626 MT coming within the new advertising yr and 367,787 MT shipped within the final couple days of August. That was 31.4% bigger than the identical week in 2023 however down 13.45% from the earlier week. Mexico was the most important vacation spot of 403,551 MT, with 173,654 MT shipped to Spain. That took the 2023/24 advertising yr last inspections to 52.4 MMT.
Corn planting in Brazil’s center-south area for the primary crop is now at 15% full, lagging the 17% tempo for a similar date final yr.
Sep 24 Corn closed at $3.84 1/4, up 1/2 cent,
Close by Money was $3.72 3/4, up 1 1/4 cents,
Dec 24 Corn closed at $4.07 1/4, up 1 cent,
Mar 25 Corn closed at $4.26, up 1 1/2 cents,
New Crop Money was $3.72 3/4, up 1 1/4 cents,
On the date of publication,
Austin Schroeder
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