Turnaround Tuesday action left corn futures 5 3/4 to 6 3/4 cents higher at the close. March futures were up 13 1/4 cents to $5.60 3/4. New crop trading led to 7 cent gains with December now at $4.75 3/4 cents. Front month corn basis from cmdtyView was quoted at 16 3/4 cents under May at the close. New crop basis is 28 cents under Dec.

USDA flashed a 175,000 MT corn sale to Japan for 2021/22 delivery. The Texas state crop report indicated that 3% of the intended corn crop has been planted there. That lags the 7% average pace, due to producer decisions to delay starting until after the record cold snap in February. There were again zero delivery notices against March futures overnight. The oldest long is dated October 26.

  --- provided by Brugler Marketing & Management

Corn Prices by Barchart