Corn Holding Steady at Midday

Corn futures are holding near steady so far on Thursday with some contracts fractionally higher. The CmdtyView national averageCash Corn price is steady at $4.09. 

Export Sales data from this morning showed just 377,598 MT of corn sold in the week ending on January 1, shy of the 0.7-1.5 MMT estimates for 2025/26. That was a marketing year low and 15.1% below the same week last year. Sales for 2026/27 were tallied at 11,860 MT, between the 0-100,000 MT expectations. 

Census data showed a delayed update for October exports, with a record 6.564 MMT (248.5 mbu) of corn shipped during the month. That was a drop of 5.93% from September but up 63.38% from the same month in 2024. Distillers exports were just shy of last year’s October record at 1.067 MMT. Ethanol shipments were back at a record pace of the month at 185 million gallons. 

USDA will release a slew of data on Monday, with the Crop Production report expected to show US corn production at 16.553 bbu, as yield is estimated at 184 bpa according to a Bloomberg survey of analysts. 

Mar 26 Corn is at $4.46 3/4, unch,

Nearby Cash is at $4.08, unch,

May 26 Corn is at $4.54 1/2, up 1/2 cent,

Jul 26 Corn is at $4.60 1/2, up 3/4 cent,

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.