Corn futures closed the Thursday session squaring up ahead of the USDA reports on Friday, as contracts were up 2 to 3 cents. There were 154 deliveries issued against September corn futures overnight. The CmdtyView national average Cash Corn price was up 2 3/4 cents at $3.75.
Export Sales data from this morning indicated that a total of 539,900 MT of corn was sold during the week ending on September 4. Mexico was the top buyer of 256,500 MT, with Japan buying 143,700 MT. There was an additional 1.17 MMT carried over from the 2024/25 marketing year. Total 2025/26 corn sales are starting the year at the second largest on record at 22.601 MMT.
Brazil’s corn production for 2024/25 was raised by 2.67 MMT to 139.67 MMT according to CONAB.
Sep 25 Corn closed at $3.99, up 1 3/4 cents,
Nearby Cash was $3.75, up 2 3/4 cents,
Dec 25 Corn closed at $4.19 3/4, up 2 3/4 cents,
Mar 26 Corn closed at $4.37 1/4, up 2 3/4 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. This article was originally published on Barchart.com
