Corn Faces Pressure on Thursday

Corn futures were down 1 to 4 3/4 cents on the Thursday session. The CmdtyView national average Cash Corn price was down 3 3/4 cents at $4.85 1/4.  Crude oil backed off by $1.34 on the day, to add some pressure.

Export Sales data showed 1.027 MMT in corn sales 2026/27 in the week ending on September 10. That was still down 16.6% from the same week last year. Mexico was the top buyer of 626,000 MT, with Japan in for 150,200 MT.

Several South Korean importers purchased a total of 260,000 MT of corn in a tender overnight, though no origins were announced.  

Dec 26 Corn  closed at $5.30 1/2, down 3 3/4 cents,

Nearby Cash  was $4.85 1/4, down 3 3/4 cents,

Mar 27 Corn  closed at $5.44 1/2, down 4 1/4 cents,

May 27 Corn  closed at $5.50 3/4, down 4 1/2 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.