Grain Express

Corn (March)

Fundamentals: This morning’s weekly export sales report showed net sales of 1,437,600 MT for 2020/2021 were unchanged from the previous week, but up 51 percent from the prior 4-week average. For 2021/2022, total net sales of 46,400 MT were for Japan. Exports of 886,700 MT were down 39 percent from the previous week and 24 percent from the prior 4-week average. Money flow and technicals will continue to play an important role in price action going forward. February options expiration is today, which could offer some support at these levels, ahead of the weekend.