Corn Giving Some Strength Back on Friday

Core Insights - Corn futures are experiencing midday losses of 1 to 2 1/4 cents, influenced by a decline in crude oil prices [1] - The national average cash corn price has decreased by 2 1/4 cents to $4.04 1/4 [1] - Export sales data indicates total corn export commitments at 47.579 million metric tons (MMT) as of December 11, which is 31% higher than the previous year and represents 59% of USDA's record projection [2] - Actual corn shipments are at 28% of the USDA's projection, surpassing the 19% five-year average [2] Market Data - March 26 corn futures are priced at $4.48 3/4, down 2 1/4 cents [2] - Nearby cash corn is at $4.04 1/4, down 2 1/4 cents [2] - May 26 corn futures are at $4.57 1/4, down 1 3/4 cents, while July 26 corn futures are at $4.63 1/4, down 1 1/4 cents [2]