Corn prices are down 1 to 2 cents on Tuesday morning. Futures got a pop coming out of the Easter holiday weekend, with contracts closing 1 ¾ to 2 ½ cents in the green. Open interest was down 2,386 contracts on Monday. The CmdtyView national average Cash Corn price was up 1 3/4 cents at $4.14 1/4.
The inaugural Crop Progress report for 2026 showed the US corn crop at 3% planted, which was ahead of the 2% average over the last 5 years. All states reporting progress were ahead of normal.
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Monday morning’s Export Inspections report showed 2.002 MMT (78.82 mbu) of corn shipped in the week of 4/2. That was 24.09% above the same week last year and 6.50% larger than the same week last year. Mexico was the largest destination of 540,498 MT, with 401,862 MT shipped to Japan and 200,076 MT to Colombia. The marketing year total is now 48.47 MMT (1.908 bbu) of corn shipped since September 1, which is 35.82% above the same period last year.
May 26 Corn closed at $4.54, up 1 3/4 cents, currently down 1 3/4 cents
Nearby Cash was $4.14 1/4, up 1 3/4 cents,
Jul 26 Corn closed at $4.65 1/4, up 2 cents, currently down 2 cents
Dec 26 Corn closed at $4.83, up 1 3/4 cents, currently down 1 1/4 cents
New Crop Cash was $4.40 3/8, 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.
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