S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
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CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
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ASX 200 — Australian Market
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STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Corn futures failed to get back above 0 by the close, as contracts were down 2 to 6 cents across most contracts on Monday weakness. The nearby CmdtyView national average Cash Corn price was down 2 1/4 cents at $4.49 1/2. Spillover pressure came from the wheat market.
Weekly Export Inspections data tallied corn shipments at 1.654MMT (65.14 mbu) in the week that ended on April 24. That was down 4.16% from the week prior but 27.44% above the same week last year. Mexico was the largest destination of 533,791 MT, with 376,788 MT headed to Japan, and just 211,129 MT to Colombia. Marketing year corn shipments are now 40.90 MMT (1.609 bbu), an increase of 28.98% from the same week last year.
Crop Progress data from this afternoon showed the US corn crop at 24% planted as of April 27, which is ahead of the 5-year average at 22% for that date. Emergence was pegged at 5%, 1 percentage point ahead of normal.
May 25 Corn closed at $4.75 1/2, down 3 1/4 cents,
Nearby Cash was $4.49 1/2, down 2 1/4 cents,
Jul 25 Corn closed at $4.83 1/4, down 2 1/4 cents,
Dec 25 Corn closed at $4.50 1/4, down 5 1/2 cents,
New Crop Cash was $4.13, down 5 1/4 cents,
