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By MARTIN CRUTSINGER | ASSOCIATED PRESS
April 7, 2021
7
FILE - The logo of the International Monetary Fund is visible on their building, Monday, April 5, 2021, in Washington. Finance officials of the worldþÄôs major economies on Wednesday, April 7, 2021 agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion as a way to provide more support to vulnerable countries struggling to deal with a global pandemic. (AP Photo/Andrew Harnik)
WASHINGTON – Finance officials of the world’s major economies on Wednesday agreed on a proposal to boost the resources of the International Monetary Fund by $650 billion as a way to provide more support to vulnerable countries struggling to deal with a global pandemic.
Chicago and Kansas City follow Minneapolis futures higher on yield concerns
Corn up 1-2 cents
Wheat up 8-11 cents
Corn
Corn prices inched up this morning, supported by ongoing planting delays in Brazil. Rainy forecasts in the Midwest over the next few days are also contributing to the morning’s gains.
USDA releases its weekly export sales report this morning. Old crop corn export sales are likely to register smaller volumes than last week, with market analysts projecting a range between 19.7 million – 35.4 million bushels. New crop corn export sales are expected to range between 2.0 million – 11.8 million bushels.
USDA reported two large daily flash sales of old crop corn during the week ending April 1. Japan ordered 4.4 million bushels of corn to be delivered in the 2020/21 marketing year. An unknown buyer also booked nearly 4.0 million bushels of corn scheduled for 2020/21 delivery.