Corn futures slipped 5 to 6½ cents across most front-month contracts on Thursday, with the CmdtyView national average Cash Corn price falling 5½ cents to $3.84½. The market will conclude trading today ahead of Friday’s Juneteenth holiday.
The USDA reported a daily private export sale of 285,775 MT of corn to Mexico for new crop shipment. Meanwhile, the Weekly Export Sales report showed 1.157 MMT of 2025/26 corn sold during the week of June 11, marking a four-week high and 28% above the same period last year. New crop volumes totaled 519,035 MT, bringing total new crop commitments to 4.643 MMT—41.2% higher than last year’s level.
Weather outlook remains a key factor, with NOAA’s 7-day forecast projecting heavy precipitation across the Western Corn Belt. Weekend rains are expected in Nebraska and Kansas, spreading to Iowa and Missouri early next week, potentially impacting harvest and planting conditions.
Price activity shows July corn at $4.15½ down 5½ cents, nearby cash at $3.84½ lower by 5½ cents, September at $4.23½ down 6 cents, and December at $4.42¼ off 6½ cents. New crop cash stands at $3.97¼, down 6 cents.
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