Corn futures were mixed on Thursday, with front months ¼ to 4 cents higher and deferreds down as much as 2 3/4 cents. September was up just 1 ¼ on the 4-day week, with December steady. The CmdtyView national average Cash Corn price was 1/4 cent higher at $3.93 3/4. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will have a normal open.
Export Sales data was released this morning showing a total of 732,070 MT of old crop corn sales in the week of 6/25. That was a slight drop from last week and 37.4% larger than the same week last year. Mexico was the largest buyer of 261,000 MT, with 201,100 MT headed to Colombia and 169,200 MT to Portugal. New crop business was tallied at 767,756 MT. That was a 3-week high and 18.3% below the same week last year. The primary buyer was Mexico at 272,700 MT, with 189,500 MT to unknown destinations. Accumulated 2026/27 sales are now 6.147 MMT, which is 35.6% above a year ago.
Don’t Miss a Day: From crude oil to coffee, sign up free for Barchart’s best-in-class commodity analysis.
The NOAA 7-day QPF shows rainfall totals of 1 to 3 inches across parts of the Dakotas and NE through IA, MN, WI, MI, and parts of northern IL/IN. Much of that is expected over the next couple days, with a drier start to next week. Very limited totals are seen in MO through much of the ECB.
Jul 26 Corn closed at $4.25, up 4 cents,
Nearby Cash was $3.93 3/4, up 1/4 cent,
Sep 26 Corn closed at $4.23, up 1/4 cent,
Dec 26 Corn closed at $4.41 1/2, down 3/4 cent,
New Crop Cash was $3.98 3/8, up 3 3/4 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.
More news from Barchart
- The Most Critical 2-Week Period of the Year for Grain Prices Is Just Days Away
- What Did the June WASDE Report Tell the Corn Futures Market?
- Corn and Soybean Bulls Are Limping into the Critical Growing Month of July. Weather’s Not on Their Side.
- Rain in the Plains Make Grain, So Bears Are in Control of Corn, Soybean, and Wheat Prices Now
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
