Corn Holding Steady on Tuesday

Corn futures are trading with contracts steady to fractionally mixed at midday. The CmdtyView national average Cash Corn price is unch at $4.43 1/2. 

USDA’s weekly Export Inspections report tallied corn export shipments at 1.302 MMT (51.26 mbu) during the week ending on October 8. That was down 7.2% from the week prior but 7.57% above the same week last year. Mexico was the top destination of 466,356 MT, with 277,161 MT headed to Japan and 274,744 MT to South Korea. Marketing year exports for 2026/27 are 8.44 MMT (332.55 mbu), which is now 5.32% above the same period last year.

A couple South Korean importers purchased a combined 261,000 MT of corn in tenders overnight. 

COFCO’s futures research director estimates the Chinese corn imports at 3.5 MMT for 2026/27, a 0.17 MMT drop from last year. Sorghum imports are expected to be up 0.55 MMT to 8 MMT.

Dec 26 Corn is at $4.83, unch,

Nearby Cash is at $4.43 1/2, unch,

Mar 27 Corn is at $4.97, down 1/4 cent,

May 27 Corn is at $5.04 3/4, up 1/4 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.