Corn Falling Lower on Friday
Corn futures are showing 3 to 3 ¼ cent losses so far on Friday, as futures continue to fade lower on the wet forecasts. The CmdtyView national average new crop Cash Corn price is down 3 cents at $3.75. As we round out July, a band of rain is expected to make its way from Nebraska to Ohio in the next week, with 1 to 2 inches. Lighter totals are along the lines north and south.
USDA reported a private export sale of 102,870 MT of corn sold to Mexico this morning for new crop shipment. Another 140,000 MT was reported to South Korea all for 2025/26.
Weekly Export Sales data has total corn export commitments at 70.110 MMT, which is above the USDA estimate for the full year and compared to the 102% average pace by now. Exports are now 60.172 MMT, or 86% of the USDA number and behind the 89% average.
Sep 25 Corn is at $3.98 1/2, down 3 1/4 cents,
Nearby Cash is at $3.83 1/4, down 3 3/4 cents,
Dec 25 Corn is at $4.17 3/4, down 3 cents,
Mar 26 Corn is at $4.35, down 3 1/4 cents,
New Crop Cash is at $3.75, down 3 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.