Corn Futures Soar Ahead of Holidays

Corn futures surged ahead of Christmas, with prices climbing three to four cents across contracts. The national average cash corn price also rose, reaching four dollars and seven and a half cents per bushel. Export sales are robust, with total corn commitments hitting forty-seven point five seven nine million metric tons, thirty-one percent ahead of last year. Shipments are also strong, beating the five-year average. In Argentina, corn planting progress is ahead of schedule, and emerged crop conditions are at eighty-seven percent good or excellent. March twenty-six corn closed at four dollars and fifty-one cents, up three and a half cents. With solid demand and favorable southern hemisphere crops, corn traders head into the holidays on a steady note.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.