Corn futures saw gains on Thursday, with contracts up 7 to 8 cents. The national average cash corn price closed at $3.70. Export Sales data showed old crop corn bookings with a net reduction of 27,109 MT, and new crop business totaling 2.86 MMT.

ProFarmer’s annual tour reported a decrease in Illinois yield. The International Grains Council estimates worldwide corn production at 1.299 billion MT, a 23 MMT increase from last month. Corn prices closed at $3.87 1/4 for Sep 25, and $4.11 3/4 for Dec 25.

Mar 26 Corn closed at $4.29 3/4, New Crop Cash was $3.67 1/2. Austin Schroeder had no positions in mentioned securities. Information is for informational purposes only. Original article on Barchart.com.

Read more at Yahoo Finance: Corn Posts Thursday Gains, with Export Business Continuing