Corn prices are down 1 to 3 cents as of Tuesday morning, though that’s still more than a cent lower than overnight lows. Futures prices on Monday were down 5 to 9 1/2 cents in months, well below overnight highs. Initial open interest stood at 38,787 contracts on Monday, a huge increase (+30,379) from December. Overnight, 156 deliveries were issued for March corn. CmdtyView’s national average cash corn price fell 8 cents to $4.10. Crude oil closed the day down $5.85 and closed more than $33 below the overnight high. It’s down another $5.44 this morning. President Trump hinted that the ongoing conflict could end late Monday, sending prices further higher.
USDA’s FGIS pegged corn export shipments during the week ending March 5 at 1.518 MMT (59.75 MBU). This was 18.4% lower than the previous week and 17.7% lower than the same week last year. Mexico was the top destination at 497,964 metric tons, with 243,022 metric tons going to Japan and 203,726 metric tons to Colombia. Exports for the marketing year 2025/26 through September 1 stand at 41.21 MMT (1.622 BBU), now up 41.54% from the same period last year.
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USDA’s WASDE will be released this morning, with traders looking for US corn ending stocks of 2.136 BBU, up to 9 MBU if realized. Brazilian production is expected to increase by ~1 MMT to 132.07 MMT
March 26 Corn Down 9 1/2 cents at $4.37 1/2, currently down 2 3/4 cents
cash nearby Was $4.10, down 8 cents,
May 26 Mecca Closed at $4.53 3/4, down 6 3/4 cents, currently down 1 3/4 cents
26th July Corn closed at $4.65 1/2, down 5 1/2 cents, currently down 2 cents
On the date of publication, Austin Schroeder did not have (directly or indirectly) any positions in any securities mentioned in this article. All information and data in this article is for informational purposes only. Please see the Barchart Disclosure Policy here for more information.
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