Corn futures posted weaker trade heading into Wednesday, with contracts fractionally to 2 cents lower on the session. The CmdtyView national average Cash Corn price was down 1 1/2 cents at $3.84 1/2.
USDA reported a couple private export sales of 150,000 MT of corn to Colombia and 195,000 MT to unknown destinations this morning.
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Weekly EIA data will be pushed back to Thursday morning due to the Monday holiday, with most looking for ethanol production to pull back from last week’s surge to a new all time record.
A Taiwan importer purchased a total of 65,000 MT of US con in a tender overnight.
Mar 26 Corn closed at $4.21 3/4, down 2 cents,
Nearby Cash was $3.84 1/2, down 1 1/2 cents,
May 26 Corn closed at $4.29 3/4, down 1 1/2 cents,
Jul 26 Corn closed at $4.36 1/4, down 1 1/2 cents,
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