Corn prices have remained steady, with only a modest decline observed in early Friday trading. Thursday’s futures session saw contracts slip by 4 to 6 cents across most series, while open interest increased by 5,440 contracts. The CmdtyView national average cash corn price fell by 6 ¾ cents to $4.10 ¾.
The USDA’s weekly export sales report, released on Thursday, recorded 314,962 metric tons of corn sold for the week ending July 9—a figure that, while a multi‑year low, represented more than three times the volume sold in the comparable period last year. Japan purchased 137,100 metric tons, and Colombia bought 135,200 metric tons. The 2026/27 marketing year sales totaled 311,222 metric tons, marking a six‑week low and pushing total new‑crop commitments to 6.859 million metric tons, a 14.5% increase over the previous year. Colombia was the leading buyer with 132,600 metric tons, followed by Mexico with 87,100 metric tons.
The International Grains Council reduced its 2026/27 world corn production forecast by 4 million metric tons, to 1.306 billion metric tons. France’s crop outlook was trimmed by 3 million metric tons because excessive heat has limited yield potential. According to FranceAgriMer, corn quality ratings in France stood at 41% good or excellent—down six percentage points from the prior week and well below the 72% rating recorded a year earlier.
Corn closed on September 26 at $4.41½, down 6 cents, unchanged thereafter.
Nearby cash corn was $4.10¾, down 6¾ cents.
December 2026 corn closed at $4.64, down 5½ cents, unchanged thereafter.
March 2027 corn closed at $4.79½, down 4¾ cents, with a slight decline of 0.25 cents.
New‑crop cash corn was $4.13⅜, down 6½ 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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