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Corn exports continue to set a record pace, despite yesterday’s numbers coming on the lower end of estimates. “For the week ending Jan. 22, the USDA reported new sales of 1.649 MMT for the current marketing year,” Total Farm Marketing said. “This was towards the bottom end of market expectations and well off last week’s total. Total corn export sales are still at a record pace and up 18% over last year.”
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“Traders may now turn their focus to fund positioning following the report. In the latest Commitment of Traders data, managed money increased …
“Prices were steady to $.02 lower while spreads weakened. May-26 has MA support near $4.48. Corn used for ethanol production in Feb-26 at 425 …
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