Corn
Corn Slips Lower to Close Out January
Export Sales data now has corn commitments at 57.694 MMT, which is 33% above the same period last year. That is also 71% of the USDA export projection, ahead of the 67% average sales pace.
The Buenos Aires Grains Exchange estimates the Argentina corn crop at 46% good/excellent, lagging the 52% from last week but still better than the 31% rating last year.
Mar 26 Corn closed at $4.28 1/4, down 2 1/2 cents,
Nearby Cash was $3.93 1/4, down 2 cents,
May 26 Corn closed at $4.35 3/4, down 3 1/4 cents,
Jul 26 Corn closed at $4.42, down 3 3/4 cents,
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