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Corn Looks to Kick off 2025 Trade
The corn market will open at 8:30 am CST this morning. Corn futures rallied to close out 2024, as March neared the June high on the spot price. Contracts were up 3 ¾ to 6 ¼ cents on Tuesday. Preliminary open interest showed net new buying, up 13,688 contracts. The national average Cash Corn price from cmdtyView is up 2 1/2 cents at $4.26 3/4. EIA data will be pushed back to a Thursday morning release this week, with the Export Sales report released on Friday. We will also get Grain Crushings data this afternoon, with most expecting to see a large November grind given the weekly ethanol production data. Mar 25 Corn closed at $4.58 1/2, up 6 1/4 cents, Nearby Cash was $4.28 3/4, up 4 3/4 cents, May 25 Corn closed at $4.65 3/4, up 5 3/4 cents, Jul 25 Corn closed at $4.68 3/4, up 5 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. |
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