Corn Getting a Turnaround Tuesday Bounce

Austin Schroeder Barchart Tue Oct 29, 12:04PM CDT
Corn, soybeans - by 12019 via Pixaba__427x320

Corn futures are trading with 2 to 3 ½ cent gains at midday on Tuesday. The national average Cash Corn price from cmdtyView is up 3 1/2 cents at $3.82 3/4 per bu. 

Weekly Crop Progress data showed 81% of the US corn crop was harvested as of October 27, which was 17 percentage points ahead of the 5-year average.

ANEC estimates the October corn exports out of Brazil will total 5.92 MMT, a 0.32 MMT reduction from the previous week’s estimate and would be well below the 8.45 MMT from last year. A South Korean importer purchased an estimated 136,000 MT of corn with optional origin of US, South America or South Africa. 

Dec 24 Corn is at $4.14 1/4, up 3 1/2 cents,

Nearby Cash is at $3.82 3/4, up 3 1/2 cents,

Mar 25 Corn is at $4.27 3/4, up 3 cents,

May 25 Corn is at $4.35 3/4, up 2 1/2 cents,


On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.