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IPC Index — Mexico MarketCorn futures posted fractional to 2 cent gains on Thursday. The CmdtyView national average Cash Corn price was up 1 3/4 cents at $3.95 1/4.
Export Sales data from this morning showed 1.649 MMT of corn sales in the week of January 22. That was back down from the previous week, but still 21.4% above the same week last year. Japan was the top buyer of 365,100 MT, with 350,800 MT to Mexico and 339,500 MT to Colombia.
Census trade data showed a total of 7.305 MMT (287.6 mbu) of corn shipped during November. That was the second largest total for the month on record and the largest monthly total since last April.
Distillers exports were down from a year ago at 933,557 MT. Ethanol exports were a record for November at 211.33 million gallons, which was also the second largest monthly total for any month on record.
Mar 26 Corn closed at $4.30 3/4, up 3/4 cent,
Nearby Cash was $3.95 1/4, up 1 3/4 cents,
May 26 Corn closed at $4.39, up 1 cent,
Jul 26 Corn closed at $4.45 3/4, up 1 3/4 cents,
