Export sales yesterday morning came in at 1,752,996 metric tons, this was well above the expected range from 1,000,000-1,500,000 metric tons. The bulls will want to see this become a longer-term trend to keep this market grinding higher. The corn market was also helped by spillover from the strength in soybeans and wheat.
May corn futures finished the week unchanged, trading in a range of 5 ¾ cents through the four sessions. Friday’s Commitment of Traders report showed funds were buyers of 29,288 contracts which put their net long at 18,674.