Corn Prices Surge Amid Weekly Gains and USDA Reports

Corn futures surged during the week, gaining 5¼ to 7¼ points by Friday’s close. The CmdtyView national average Cash Corn price rose 6¾ cents to $3.90. Trading will continue on Thursday, with markets closed on Friday for Juneteenth observances.

According to the EIA’s weekly update, ethanol production averaged 1.102 million barrels per day last week, a decrease of 6,000 bpd compared to the prior week. Ethanol stockpiles increased by 22,000 barrels, reaching 24.474 million barrels. Export volumes fell to 128,000 bpd, down 27,000 bpd, while refiner inputs rose to 920,000 bpd, an increase of 13.000 bpd.

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The USDA’s weekly Export Sales report showed sales of 0.7–1.4 million metric tons (MMT) of the 2025/26 corn crop in the week ending June 11. Analysts estimate new crop business at 0.4–1.2 MMT, as reported by a Reuters survey of market participants.

Jul 26 Corn closed at $4.21, rising 7¼ cents.
Nearby Cash Corn was priced at $3.90 ¹⁄₁, up 6¾ cents.
Sep 26 Corn futures ended at $4.29 ½, gaining 7 cents.
Dec 26 Corn contracts closed at $4.48 ¾, up 6¼ cents.
Spot New Crop Cash Corn was $4.03 ⅛, rising 5¼ cents.

Note: On the publication date, Austin Schroeder held no direct or indirect positions in the securities referenced. This article is for informational purposes only. For details, see the Barchart Disclosure Policy.

All opinions expressed are the author’s and do not reflect Nasdaq’s views.

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