S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The corn market is starting off Thursday with 2 to 4 cent gains. Corn futures settled the Wednesday session with contracts up 1 to 6 ¾ cents, as traders closed out the month with a bounce. There were another 25 deliveries against May corn futures overnight. The nearby CmdtyView national average Cash Corn price was up 5 1/4 cents at $4.42 1/2.
USDA reported a private export sale of 120,000 MT of corn to unknown destination this morning for 2024/25 shipment. Export Sales data will be released on Thursday with traders looking for 0.7 to 1.5 MMT of old crop corn sales in the week of 4/24, with new crop in a range of 0 to 200,000 MT.
EIA data from this morning showed ethanol production improving 7,000 barrels per day in the week that ended on April 25, to 1.04 million bpd. Stocks saw some continued drawdown, dropping 92,000 barrels to 25.89 million, the lowest since early January. Refiner inputs of ethanol backed off 13,000 bpd to 908,000 bpd, with exports up 66,000 bpd wk/wk to 141,000 bpd.
Traders are looking for corn used in ethanol production during March to drop 2.6% from a year ago at 459.9 million bushels. The report will be published on Thursday afternoon.
May 25 Corn closed at $4.67 1/4, up 6 3/4 cents, currently up 3 ½ cents
Nearby Cash was $4.42 1/2, up 5 1/4 cents,
Jul 25 Corn closed at $4.75 1/2, up 5 1/4 cents, currently up 3 3/4 cents
Dec 25 Corn closed at $4.46 1/4, up 1 3/4 cents, currently up 2 1/4 cents
New Crop Cash was $4.07 1/4, up 1/4 cent,
