Corn Posting Friday Strength as Export Business Picks Up
Corn futures are showing 1 to 4 cent gains across most contracts on Friday, supported by positive export business. The CmdtyView national average Cash Corn price is up 4 cents at $4.13.
USDA reported a private export sale of 303,800 MT to Mexico, with 272,820 MT for the current marketing year and 30,480 MT for 2027/28.
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Export Sales data was released this morning with a total of 2.88 MMT of 2026/27 corn sold in the week ending on 11/5, which was on the high side of traders surveyed by Reuters looking for 2-3 MMT. That was a marketing year high and 194.2% larger than the same week last year. Sales for 2027/28 were tallied at 594,360 MT seen in a range of 600,000-800,000 MT.
CONAB left their estimate for Brazil corn production at 148 MMT this morning, with first crop left at 32.1 MMT and second crop at 113.3 MMT.
Dec 26 Corn is at $4.46, up 3 1/2 cents,
Nearby Cash is at $4.13, up 4 cents,
Mar 27 Corn is at $4.57 1/2, up 2 3/4 cents,
May 27 Corn is at $4.65 1/4, up 2 1/2 cents,
Dec 27 Corn is at $4.80 1/4, up 1 3/4 cents,
'27 New Crop Cash is at $4.42 3/4, up 1 1/2 cents,
On the date of publication, Austin Schroeder did not directly have a position 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.