The NOAA seven‑day quantitative precipitation forecast indicates 1 to 3 inches of rain across portions of the Dakotas, Nebraska, Iowa, Minnesota, Wisconsin, Michigan, and parts of northern Illinois and Indiana. Most of this precipitation is expected within the next couple of days, while the coming week begins drier. Very limited totals are seen in Missouri and much of the ECB.
Corn futures were mixed on Thursday, with front‑month contracts gaining ¼ to 4 cents while deferred contracts fell up to 2¾ cents. September prices rose 1¼ over the four‑day period, and December remained unchanged. The CmdtyView national average cash corn price increased by ¼ cent to $3.93¾. The market will observe the July 4 Independence Day holiday on Friday, resulting in a three‑day weekend, and will resume normal trading on Sunday night.
Export sales data released this morning showed total old‑crop corn sales of 732,070 MT for the week of 6/25, a modest decline from the previous week but 37.4 % higher than the same period last year. Mexico was the largest buyer with 261,000 MT, followed by Colombia (201,100 MT) and Portugal (169,200 MT). New‑crop business totaled 767,756 MT, a three‑week high and 18.3 % below the same week a year earlier. Mexico accounted for 272,700 MT, while 189,500 MT were destined for unknown locations. Cumulative 2026/27 sales reached 6.147 MMT, 35.6 % above the prior year.
July 26 corn closed at $4.25, up 4 cents.
Nearby cash corn was $3.93¾, up ¼ cent.
September 26 corn closed at $4.23, up ¼ cent.
December 26 corn closed at $4.41½, down ¾ cent.
New‑crop cash was $3.98 3/8, up 3 ¾ cents.
