Corn futures are showing fractional to 2 ¼ cent gains at midday on Wednesday. The CmdtyView national average Cash Corn price is up another 2 1/4 cents at $3.94 1/4.
Due to the Veteran Day federal holiday on Tuesday, the weekly EIA report will be released on Thursday, a day behind normal schedule.
Ahead of the expected USDA Crop Production report on Friday, a Reuters poll of analysts showed corn yield expected to drop 2.7 bpa to 184 bpa, as production is seen at 16.557 bbu, a 257 mbu drop from the September report if realized. WASDE data will also be released, with corn ending stocks seen at 2.136 bbu, which would be a 26 mbu increase from the September report, as the September Grains Stocks data will be included with the higher than expected September 1 corn stocks.
Dec 25 Corn is at $4.34 1/4, up 2 1/4 cents,
Nearby Cash is at $3.94 1/4, up 2 1/4 cents,
Mar 26 Corn is at $4.48 3/4, up 1 3/4 cents,
May 26 Corn is at $4.56 3/4, up 3/4 cent,
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. This article was originally published on Barchart.com
