Corn Fading Lower on Friday AM Trade

Corn prices are down 2 cents early on Friday morning. Futures posted mixed trade at the close on Thursday, with contracts anywhere from down a penny to 1 ¼ cents higher across the board. Open interest was up 9,092 contracts on Thursday. The CmdtyView national average Cash Corn price was unch at $4.14 3/4. 

The average close for December corn futures in October has been $4.76, as there are just one day left for the harvest price crop insurance discovery period.

USDA’s Export Sales report from Thursday morning indicated 1.304 MMT in 2026/27 corn sales during the week of 10/22. That was down 14.6% from last week and 28.8% below the same week last year. Unknown destination was the buyer of 411,800 MT, with 318,90 MT sold to Mexico, and 251,000 MT to Japan. 

A couple South Korean importers purchased a total of 204,000 MT in tenders overnight.

Dec 26 Corn  closed at $4.51 1/4, down 1/2 cent, currently down 2 cents

Nearby Cash  was $4.14 3/4, down 0 cent,

Mar 27 Corn  closed at $4.64 3/4, down 1/4 cent, currently down 2 cents

May 27 Corn  closed at $4.73, up 1/4 cent, currently down 2 cents

Dec 27 Corn  closed at $4.89, down 1 cent, currently down 1 1/2 cents

New Crop Cash  was $4.43 3/4, down 3/4 cent,