Corn Rallying as Export Business Shoots to Multi-Year High

Corn futures are trading with 5 to 7 cent gains at Friday’s midday. This morning’s Export Sales report showed international buyers taking advantage of last week’s price break. The CmdtyView national average Cash Corn price is up 6 3/4 cents at $3.94 1/2. USDA’s Export Sales report from this morning showed with corn bookings at the largest since March 2021 at 4.01 MMT, and well above estimates of 1.9 to 3.1 MMT in the week of January 15. Excluding China purchases and bunched week sales from previous shutdo ...