Market Overview

Corn Futures Little Lower

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December Corn is trading at 346, down 2 1/2 cents/bushel.

March Corn is trading at 355 3/4, down 2 1/2 cents/bushel.

Corn futures are trading at the session lows. Talk about Southern Hemisphere weather and corn production ahead is making the rounds.

The USDA reported on Monday that corn export inspections as of November 24th are now 22.2 percent of the USDA forecast versus the five year average of 21 percent.

Argentina's corn plantings are just over 41 percent done versus 40.3 percent last week. Street estimates for Brazil's corn production are showing up at around 91 million tonnes versus the most recent USDA figure of 83.5 million tonnes and a year ago at 67 million tonnes.

Posted-In: Corn futuresFutures Commodities Markets

 

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