Home / Markets / Markets Analysis / Corn market / Cash corn prices stay firm

Cash corn prices stay firm

03/13/2012 @ 1:43pm

Solid export demand continues to underpin cash-corn prices. Tightening supplies, reflective of limited farmer selling, are drawing down corn inventories and forcing processors and exporters to keep a bid beneath prices. Corn supplies stored at export terminals and elevators at Louisiana Gulf ports slumped 19% in the week ended Tuesday, according to data released by the USDA. On Monday, the agency reported a 17% rise in corn inspected for export last week. Exporters at the Gulf are paying 64-71c/bushel over May CBOT futures. (andrew.johnsonjr@dowjones.com)

Call us at (212) 416-2354 or email kevin.kingsbury@dowjones.com

(END) Dow Jones Newswires

March 13, 2012 14:40 ET (18:40 GMT)

DJ MARKET TALK: Strong Corn Exports Tighten Gulf Stocks->copyright

CancelPost Comment
MORE FROM DOW JONES NEWSWIRES more +

USDA: Reporting Hog Deaths Required By: 04/18/2014 @ 10:45am The U.S. Department of Agriculture said Friday it will require the pork industry to report…

Wheat Futures Rise as Cold, Drought Threaten… By: 04/17/2014 @ 3:51pm Wheat futures rose for the third time in four sessions on speculation that cold weather earlier…

Ukraine Upheaval Sparks Business Concerns By: 04/17/2014 @ 1:22pm Escalating military action and sanctions are forcing executives around the globe to map out…

MEDIA CENTERmore +
This container should display a .swf file. If not, you may need to upgrade your Flash player.
Big Picture: CME Trading Weather