Corn Holds Steady to Begin the Week

Corn futures closed out the Monday session with contracts down ½ cent in nearby December, steady in other front months and fractionally to a penny higher in the deferreds. The CmdtyView national average Cash Corn price was down ¼ cent at $4.59 3/4.

USDA reported a private export sale of 129,540 MT of corn to Mexico this morning, all for 26/27 shipment. 

Monday’s Crop Progress report showed 83% of the US corn crop mature as of October 4, with harvest at 23% complete and 4 percentage points behind the average pace. Condition ratings were down 3% this week at 54% in good to excellent condition, as the Brugler500 index 5 points lower at 342.

USDA’s weekly Export Inspections report tallied corn export shipments at 1.368 MMT (53.84 mbu) during the week ending on October 1. That was down 19.63% from the week prior but 13.49% above the same week last year. Mexico was the top destination of 539,844 MT, with 372,508 MT headed to Japan and 177,792 MT to Colombia. Marketing year exports for 2026/27 are 7.11 MMT (279.91 mbu), which is now 4.4% above the same period last year.

AgRural estimates the Brazilian first corn crop at 38% planted as of last Thursday, which was behind the 40% from the same week last year.

Dec 26 Corn  closed at $4.97 1/4, down 1/2 cent,

Nearby Cash  was $4.59 3/4, down 1/4 cent,

Mar 27 Corn  closed at $5.11 1/2, unch,

May 27 Corn  closed at $5.18 1/2, unch,

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.