Corn futures took off higher at the Sunday night open with midday gains holding of 11 to 12 ½ cents. The CmdtyView national average Cash Corn price is up 12 1/2 cents at $4.67 ½.
Monday’s Export Inspections report showed corn shipments at 1.296 MMT (51.03 mbu) in the week of August 20. That was down 33.32% from the week prior and 3.16% below the same week last year. Mexico was the largest destination of 387,748 MT, with 306,842 MT shipped to Japan and 101,360 MT to Colombia. The marketing year total is now 82.28 MMT (3.239 bbu) of corn exports, which is now 25.51% ahead of the same period last year with just over a week left in the marketing year.
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Following last week’s Crop Tour, Pro Farmer estimates the US national yield at 173.2 pba, with production at 15.344 bbu.
Weekly CFTC data tallied managed money spec traders in corn futures and options at a net long of 250,505 contracts by 8/18. That was a 83,735 contracts increase on the week, coming from a mix of new length and shorts covering.
Agrural estimates the 2025/26 second corn crop at 92% harvested as of Thursday, still lagging the 98% average. The first corn crop for 2026/27 was estimated at 2% planted, slipping behind the 3.2% pace from last year.
Sep 26 Corn is at $4.96 1/4, up 12 1/2 cents,
Nearby Cash is at $4.67 1/2, up 12 1/2 cents,
Dec 26 Corn is at $5.20 1/2, up 12 cents,
Mar 27 Corn is at $5.35 1/4, up 11 3/4 cents,
New Crop Cash is at $4.71 1/4, up 12 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.