Commodities
Corn Futures Hold Gains on Thursday Amid Export Sales Data
Corn futures closed Thursday's session with contracts holding onto 2 to 3 cent gains in the front months and deferred 2027 contracts fractionally lower.
The CmdtyView national average Cash Corn price was up 2 cents at $4.34 1/2.
Export Sales data from this morning showed 332,679 MT of old crop corn business in the week of 7/16.
Mexico was the top buyer of 203,300 MT, with Taiwan in for 152,000 MT. New crop sales were improved to 701,505 MT, down 4.4% from the same week last year.
NOAA's 7-day forecast shows very limited precip across much of the country, with southwest NE, northern MO, and eastern KS seeing 1 to 2 inches and the rest remaining fairly dry.