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 rounded out the Friday session with contracts fractionally lower, as March managed to close the week with an 8 ¼ cent gain. Futures spent the session squaring up ahead of Monday’s USDA report. The CmdtyView national average Cash Corn price was down ¼ cent at $4.07 1/4.
After Thursday’s Export Sales report, US corn export commitments are now 50.895 MMT as of January 1, a 30% increase from last year. That is also 63% of the current USDA export projection for the marketing year and ahead of the 61% average sales pace. Actual shipments are 27.414 MMT, which is 34% of USDA’s forecast and ahead of the 24% normal shipping pace.
A couple South Korean importers purchased a total of 339,000 MT of corn in tenders overnight.
USDA will release their quarterly Grain Stocks report on Monday, with a Reuters survey of analysts looking for December 1 corn stocks at 12.962 bbu, with a range of estimates from 12.05 to 13.31 bbu.
CFTC data from this afternoon showed managed money trimming 7,158 contracts from their net short in corn futures and options as of January 6, taking it to 16,426 contracts.
Mar 26 Corn closed at $4.45 3/4, down 1/4 cent,
Nearby Cash was $4.07 1/4, down 1/4 cent,
May 26 Corn closed at $4.53 3/4, down 1/4 cent,
Jul 26 Corn closed at $4.60 1/4, down 1/4 cent,
