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Corn Weakness Extends to Thursday
Corn futures pulled back into the Thursday close, extending the weakness from Wednesday. Contracts closed with losses of 2 to 3 cents. The CmdtyView national average Cash Corn price was down another 3 cents at $3.79 ¼. A private export sale of 110,000 MT of corn was reported by the USDA this morning, to Mexico for 2025/26 shipment. USDA’s Export Sales report showed a total of 1.23 MMT of 2025/26 corn sold in the week ending on 9/11, an improvement from the drop in sales reported last week and still 45.4% above the same week last year. Of that total, 419,200 MT was sold to Mexico, with 201,000 MT sold to South Korea, and 194,500 MT to Japan. Brazil’s corn crop for 2025/26 is pegged to be 138.28 MMT according to CONAB, which would be down 1.42 MMT from the 2024/25 marketing year. Acreage is expected to rise 770,000 hectares (1.9 million acres) to 22.63 million ha (55.92 million acres). Dec 25 Corn closed at $4.23 3/4, down 3 cents, Nearby Cash was $3.79 1/4, down 3 cents, Mar 26 Corn closed at $4.41 1/2, down 3 cents, May 26 Corn closed at $4.51 1/2, down 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. For more information please view the Barchart Disclosure Policy here. |
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