Corn futures finished Monday’s session higher, each contract gaining between three‑quarters and three‑quarters of a cent, rebounding from early losses and fresh contract lows. The CmdtyView national average cash price for corn rose 3.25 cents to $3.8425.
Weekly Crop Progress data released after the close on Monday showed 94% of the U.S. corn crop emerged by June 14, 1% above the 5‑year average. U.S. condition ratings were 68% in good to excellent condition, up 1 percentage point from the prior week. The Brugler500 index rose 1 point to 373, driven by higher excellent ratings.
The weekly Export Inspections report indicated corn shipments of 1.636 MMT (64.43 million bushels) for the week ending June 11, down 18.73% from the previous week and 3.47% below the same period last year. Mexico was the largest destination, taking 440,116 MT, followed by 225,898 MT to Japan and 153,375 MT to Taiwan. Cumulative marketing‑year shipments reached 65.614 MMT (2.583 billion bushels), 26.01% above the year‑ago level. Sorghum exports totaled 313,616 MT, with 313,002 MT headed to China.
According to Brazil’s AgRural, the second‑crop corn harvest in the Center‑South region was 8.4% complete, outpacing the 5.2% pace recorded a year earlier.
July 26 corn futures settled at $4.155, gaining 2.75 cents.
Nearby cash corn was $3.8425, up 3.25 cents.
September 26 corn futures closed at $4.2275, rising 2 cents.
December 26 corn futures settled at $4.4175, up 1.5 cents.
New‑crop cash corn was $3.97, increasing 2 cents.
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