Corn futures are up 1 to 2 cents at midday, pulling off early session lows. The national average Cash Corn price is down 1 3/4 cents to $3.93 3/4. President Trump announced China’s plan to purchase massive sorghum post meeting with President Xi, but no specifics were given.

December corn’s average close for crop insurance price discovery is $4.21, up a nickel from last year and down 49 cents from the spring price. USDA remains closed due to the shutdown, with traders expecting between 1.1 to 2.1 MMT corn sold in the week ending October 23.

Corn prices: Dec 25 Corn at $4.32 1/4, Nearby Cash at $3.93 3/4, Mar 26 Corn at $4.45, May 26 Corn at $4.53 1/4. Austin Schroeder has no positions in securities mentioned. Information in this article is for informational purposes only. Originally published on Barchart.com.

Read more at Yahoo Finance: Corn Slipping Weaker on Thursday