Corn Prices Slip Lower During Thursday Trading

Corn contracts slipped 4 to 6 cents lower across most maturities on Thursday, with the CmdtyView national average cash price falling 6¾ cents to $4.10¾.

The USDA’s weekly export sales report, released this morning, came in below the trade’s forecast range of 500,000 to 1 million metric tonnes for old‑crop corn shipments during the week of July 9, recording only 314,962 MT. Although this marks a marketing‑year low, it remains more than triple the volume seen in the same week a year earlier. New‑crop corn sales for 2026/27 were also modest, landing at 311,222 MT—at the low end of the 0.3‑1.1 MMT expectation and representing a six‑week low. Cumulative new‑crop commitments now total 6.859 MMT, which is 14.5 % above the level at this point last year.

NOAA’s seven‑day quantitative precipitation forecast calls for mostly dry conditions across the Western Corn Belt, with only trace amounts expected in much of Minnesota, Iowa, Nebraska, Missouri, and the Dakotas. In contrast, the Eastern Corn Belt should see slightly more moisture, with 0.5 to 1.5 inches projected for portions of Illinois, Indiana, and Ohio.

The International Grains Council trimmed its 2026/27 world corn production outlook by 4 million metric tonnes, bringing the forecast to 1.306 billion tonnes. France’s crop estimate was cut by 3 MMT after excessive heat impaired yield prospects.

September 2026 corn closed at $4.41½, down 6 cents; nearby cash was $4.10¾, lower by 6¾ cents; December 2026 corn settled at $4.64, off 5½ cents; March 2027 corn finished at $4.79½, down 4¾ cents; and new‑crop cash stood at $4.13⅜, down 6½ cents.

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