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Corn futures posted losses of 1 to 3 ¼ cents across most front months on Tuesday. The CmdtyView national average Cash Corn price was down 3 3/4 cents at $4.87 3/4.
This week’s Crop Progress report showed 76% of the US corn crop dented as of September 6, with 25% listed as mature and harvest at 5% complete. Condition ratings were down 1 percentage point this week at 46% in good to excellent condition, as the Brugler500 index was steady at 347.
Tuesday morning’s Export Inspections report showed corn shipments at 1.662 MMT (65.4 mbu) in the week of September 3. That was up 10.11% from the week prior and 15.2% above the same week last year. Of that, 1.027 MMT was for old crop , with the marketing year total via Inspections data at 84.83 MMT (3.34 bbu). There was 635,789 MT shipped for new crop. Mexico was the largest destination of 399,572 MT, with 355,910 MT shipped to Japan and 294,096 MT to Colombia.
Sep 26 Corn closed at $5.11, down 1 cent,
Nearby Cash was $4.87 3/4, down 3 3/4 cents,
Dec 26 Corn closed at $5.33 1/2, down 3 1/4 cents,
Mar 27 Corn closed at $5.49, down 3 1/4 cents,
