Corn End Thursday on a High Note
Corn futures posted gains to round out Thursday trade, with contracts 1 ¼ to 2 ¼ cents higher at the close and near the intraday highs. The CmdtyView national average Cash Corn price was up 1 1/2 cent at $4.09 3/4.
Export Sales data from USDA showed 116,740 MT of corn for 2025/26. That was a marketing year low and 31.5% below the same week last year. South Korea was the buyer of 86,100 MT, with 84,300 MT to Colombia. Sales for 2026/27 were tallied at 1.027 MMT, which was on the higher side of the expected 0.7-1.2 MMT. That was slightly below the week prior’s MY high and well below last year. Unknown destinations was the buyer of 490,400 MT, with 151,500 MT to Mexico, and 151,000 MT to South Korea.
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Brazilian corn exports in July totaled 1.943 MMT according to the country’s government data. That was well above the month prior but down 21.16% from the same month last year. ANEC estimates the August export total at 4.08 MMT, which would be a 3.26 MMT drop from last year if realized.
Sep 26 Corn closed at $4.39, up 2 1/4 cents,
Nearby Cash was $4.09 3/4, up 1 1/2 cents,
Dec 26 Corn closed at $4.62, up 2 cents,
Mar 27 Corn closed at $4.77 1/2, up 1 3/4 cents,
New Crop Cash was $4.12 3/8, up 1 1/4 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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