Corn Slipping Lower into the Three-Day Weekend

Corn futures are trading with contracts 2 to 3 cents lower at midday. Pressure is coming from double digit losses in wheat and traders taking money off the table ahead of a three day weekend. There was just 1 delivery for September corn futures overnight. The CmdtyView national average Cash Corn price is down 2 1/4 cents at $4.92 1/2.

The market will be closed on Monday for the Labor Day holiday.

USDA Export Sales data from Thursday shows old crop export commitments at 86.93 MMT, which is 24% above the same week last year. That is 101% of the USDA export projection and inline with average. New crop corn export commitments are at 14.443 MMT, which is now 30.9% above the same time last year. That is 17.4% of the current USDA number for 2026/27.

Sep 26 Corn is at $5.12, down 3 1/4 cents,

Nearby Cash is at $4.92 1/4, down 2 1/4 cents,

Dec 26 Corn is at $5.38 1/2, down 2 1/4 cents,

Mar 27 Corn is at $5.53 3/4, down 2 1/4 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.