Corn Ticking Higher on Wednesday Morning

AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA AAPL TSLA AMZN META AMD NVDA PEP COST ADBE GOOG AMGN HON INTC INTU NFLX ADP SBUX MRNA Stocks Corn Ticking Higher on Wednesday Morning February 05, 2025 — 04:49 pm EST Written by Austin Schroeder for Barchart-> Corn futures are extending the gains into Wednesday morning, with contracts up fractionally to 2 ¼ cents. Longs in the corn market were adding some risk back on during the Tuesday session, with contracts up 2 to 6 cents at the close. This came after trade tensions eased on Monday with any potential for Mexican/Canadian tariffs were pushed back another month. Preliminary open interest was up 6,746 contracts with 11,991 contracts heading out of the March contracts. The national average Cash Corn price from cmdtyView was up 9 cents at $4.54 1/4. USDA reported a private export sale of 132,000 MT of corn to South Korea on Tuesday morning. EIA data will be released this morning, with production backing off in last week’s report as inventory has been building recently.A South Korean importer issued a tender to buy 140,000 MT of corn, with offers due on Thursday. Algeria also issued a tender for Thursday for 240,000 MT of corn. Mar 25 Corn closed at $4.94 1/2, up 5 3/4 cents, currently up 1 ½ centsNearby Cash was $4.60 3/4, up 5 3/4 cents,May 25 Corn closed at $5.04 3/4, up 5 cents, currently up 2 ¼ cents Dec 25 Corn closed at $4.68, up 2 3/4 cents, currently up ½ centNew Crop Cash was $4.38, up 3 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here. More news from Barchart The Baltic Dry Freight Index Is Near a 2-Year Low. Why It’s a Bearish Omen for Commodities.

High Volatility Could Soon Hit Ag Futures Markets. Here’s 2 Ways to Play It. Failure Points: Looking At What Is Priced In and What Isn't In The Grain Markets The USDA’s Big Surprise: How Crop Reductions Will Likely Impact Grain Prices The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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