Corn futures regained much of Monday’s losses, with front‑month contracts closing 5 to 6¾ cents higher and deferred months steady to up 2 cents. The national average cash corn price rose 6¾ cents to $4.28¼.
USDA announced a private export sale of 197,272 metric tons destined for unspecified locations for the 2026/27 marketing year.
According to Monday’s Crop Progress report, 78% of the U.S. corn crop had reached the silking stage by July 26 — four points ahead of the five‑year average — while 25% was in the dough stage. Condition ratings slipped 4% to 63% good‑to‑excellent, as the Brugler500 index fell 11 points to 361. Missouri showed the only improvement, with North Carolina and Tennessee also edging higher; all other 15 reporting states saw declines, led by a 29‑point drop in Colorado, 28 points in Michigan, 21 in North Dakota, 20 in South Dakota and 18 in Nebraska.
Brazil’s ANEC projects July corn exports at 3.3 million metric tons, down 0.4 million from last week’s forecast but still well above the 2.43 million shipped a year earlier.
Closing prices: September 2026 corn at $4.58½ (up 6¾ cents), nearby cash at $4.28¼ (up 6¾ cents), December 2026 corn at $4.80½ (up 6½ cents), March 2027 corn at $4.95¾ (up 6¼ cents), and new‑crop cash at $4.32⅝ (up 6¾ cents).
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