Corn Gets a Dead Cat Bounce on Monday
Corn futures posted steady to fractionally higher trade in deferred contracts on Monday, with front months posting 2 ½ to 3 ¼ cent gains for a dead cat bounce following the sharp Friday USDA-led losses. The CmdtyView national average Cash Corn price was up 3 1/2 cents at $4.41 1/2. Bulls were battling back after USDA added another 234 mbu of unexpected production on Friday.
The harvest price for Crop Insurance is discovered during October, with the average December close so far at $4.96.
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The government was closed today due to the Columbus Day Holiday, with the Export Inspections and Crop Progress reports pushed to Tuesday.
APK-Inform trimmed their 2026 Ukrainian corn projection by 0.5 MMT to 31.8 MMT.
Dec 26 Corn closed at $4.83, up 3 1/4 cents,
Nearby Cash was $4.42 1/2, up 3 1/2 cents,
Mar 27 Corn closed at $4.97 1/4, up 3 cents,
May 27 Corn closed at $5.04 1/2, up 2 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.
