Corn Fades Back Lower on Thursday

Corn futures fell back weaker on Thursday, after the midweek gains, as contracts were down 2 ¼ to 3 ¾ cents on the session.  The CmdtyView national average Cash Corn price was down 2 1/2 cents at $4.22 1/2.

The average close for December futures has been $4.84, as the harvest price crop insurance discovery period has just 6 days left. 

Export Sales data from this morning showed 1.527 MMT of 2026/27 corn sold in the week ending on October 15. That was 36.1% higher than the week prior but 45.9% below the same week last year. The top buyer was Mexico of 477,700 MT, with 307,200 MT sold to Unknown destinations and 285,400 MT to Japan. 

A South Korean importer purchased 55,000 MT of corn in a tender overnight.

Dec 26 Corn  closed at $4.60 1/2, down 2 3/4 cents,

Nearby Cash  was $4.22 1/2, down 2 1/2 cents,

Mar 27 Corn  closed at $4.74 1/4, down 3 cents,

May 27 Corn  closed at $4.82 1/2, down 2 3/4 cents,

Dec 27 Corn  closed at $4.98, down 3 3/4 cents,

New Crop Cash  was $4.52 5/8, down 3 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.