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 MarketCorn futures closed the Tuesday session with contracts steady to 2 ¼ cents higher following some friendlier old crop numbers from USDA. The new crop data was a little less bull friendly. The CmdtyView national average Cash Corn price was steady to $4.14.
USDA’s annual March Prospective Plantings report from this morning showed a total of 95.338 million acres of corn expected to be planted this spring. That would be a 3.45 million acre drop from a year ago if realized, but was above the 94.37 million acres average trade guess. The survey of producers was done in the first two weeks of March.
Grain Stocks data was tallied at 9.024 billion bushels for March 1. That was 89 mbu below the average trade guess but still an increase of 887 mbu from a year ago. December 1 stocks were revised 23 mbu higher to 13.306 bbu.
May 26 Corn closed at $4.57 3/4, up 2 cents,
Nearby Cash was $4.14 0/1, down 0 cent,
Jul 26 Corn closed at $4.68 1/4, up 3/4 cent,
Dec 26 Corn closed at $4.84 1/4, up 1/4 cent,
New Crop Cash was $4.41 1/1, down 3/4 cent,
