Corn Closes Monday with Losses
Corn futures settled the Monday session with contracts down 1 to 2 cents at the close. The CmdtyView national average Cash Corn price was down 1 1/2 cents at $3.95 1/4.
Export Inspections data showed corn shipments at 1.308 MMT (51.49 mbu) shipped in the week that ended on February 5. That was up 14.01% from the week prior, but down 4.19% the same week last year. Mexico was the top destination of 476,628 MT, with 187,063 MT to Japan and 135,816 MT to Colombia. Marketing year shipments have totaled 33.93 MMT (1.336 bbu), which is up 46.72% yr/yr.
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USDA’s WASDE will be out on Tuesday, with traders looking for no major changes to the US ending stocks number, with an average trade guess of 2.215 bbu according to a Bloomberg survey. The world numbers are expected to see an update, with Brazil corn production estimated up 1.3 MMT to 132.3 MMT.
Brazil’s first corn crop is listed at 15% harvested according to AgRural, ahead of the 19% pace from last year. The second crop planting has reached 22%, which is slightly ahead of the 20% pace from 2025.
Mar 26 Corn closed at $4.28 3/4, down 1 1/2 cents,
Nearby Cash was $3.95 1/4, down 1 1/2 cents,
May 26 Corn closed at $4.37, down 1 3/4 cents,
Jul 26 Corn closed at $4.43 3/4, down 1 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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