Corn futures prices moved lower on Apr. 17, with contracts falling by up to 2 cents in the near-term and fractionally in new crop contracts at midday. The CmdtyView national average cash corn price increased by 2 cents to $4.12 3/4.
Export sales data released Thursday showed that old crop corn business reached 1.4 million metric tons, which was within trade estimates of between 0.8 and 1.8 million metric tons. This figure marked a six-week high but was still down by over ten percent compared to the same week last year. New crop sales were reported at just over 56,000 metric tons, also within expectations.
Specific contract prices included May corn at $4.49 1/4, down two cents; July corn at $4.58 1/2, down two cents; December corn at $4.77 3/4, down a quarter cent; and new crop cash at $4.35 3/4, down three-quarters of a cent.
Legacy Farmers Cooperative is one of the organizations serving agricultural producers in northwest Ohio through various facilities such as grain centers and agronomy sites according to the official website. The cooperative supports community initiatives including youth education programs like FFA and scholarships according to the official website.
Structured as a member-owned cooperative with more than 150 employees across its divisions according to the official website, Legacy Farmers Cooperative aims to exceed customer expectations while providing financial returns for its members according to the official website. The organization maintains operations throughout northwest Ohio counties and offers services such as grain marketing and petroleum distribution according to the official website.
At publication time, Austin Schroeder did not hold any positions in securities mentioned in this article.
