Corn Bulls Spread Holiday Cheer on Wednesday

Group 1 - Corn futures ended the pre-Christmas session with contracts increasing by 3 to 4 cents, with the CmdtyView national average Cash Corn price rising by 3.5 cents to $4.07 1/2 [1] - Total corn export commitments reached 47.579 million metric tons (MMT) as of December 11, which is 31% higher than the previous year and represents 59% of the USDA's record projection, aligning with the 57% average sales pace [2] - Actual corn shipments accounted for 28% of the USDA's projection, surpassing the 19% five-year average [2] Group 2 - The Buenos Aires Grain Exchange reported that 77.7% of the Argentina corn crop has been planted, which is ahead of the average, with 87% of the emerged crop rated as good/excellent compared to 38% last year [3] - March 26 Corn closed at $4.51, May 26 Corn at $4.59, and July 26 Corn at $4.64 1/2, all up by 3.5 cents [3]