The corn market will open at 8:30 am CST this morning. Corn futures rallied to close out 2024, as March neared the June high on the spot price. Contracts were up 3 ¾ to 6 ¼ cents on Tuesday. Preliminary open interest showed net new buying, up 13,688 contracts. The national average Cash Corn price from cmdtyView is up 2 1/2 cents at $4.26 3/4.
EIA data will be pushed back to a Thursday morning release this week, with the Export Sales report released on Friday. We will also get Grain Crushings data this afternoon, with most expecting to see a large November grind given the weekly ethanol production data.
Mar 25 Corn closed at $4.58 1/2, up 6 1/4 cents,
Nearby Cash was $4.28 3/4, up 4 3/4 cents,
May 25 Corn closed at $4.65 3/4, up 5 3/4 cents,
Jul 25 Corn closed at $4.68 3/4, up 5 1/2 cents,
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