Corn futures are showing 4 to 7 cent losses so far on Monday, as the post-USDA repot weakness continues. The CmdtyView national average Cash Corn price is 7 lower cents at $4.28 1/2.
USDA’s Export Inspections report tallied corn export shipments at just 672,475 MT (26.47 mbu) during the week ending on October 15. That was down 48.81% from the week prior and 49.25% below the same week last year. Mexico was the top destination of 305,517 MT, with 205,468 MT headed to Colombia. Marketing year exports for 2026/27 are 9.131 MMT (359.5 mbu), which is now 2.29% below the same period last year.
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The Friday Commitment of Traders report showed managed money slashing another 86,482 contracts from their net long position in corn futures and options as of 10/13. That took their net long to 230,877 contracts as of Tuesday.
AgRural estimates the Brazilian corn crop in the Center-South region at 48% planted, lagging the 51% pace from last year.
Dec 26 Corn is at $4.67 1/4, down 7 cents,
Nearby Cash is at $4.28 1/2, down 7 cents,
Mar 27 Corn is at $4.80 3/4, down 5 3/4 cents,
May 27 Corn is at $4.88 3/4, down 4 3/4 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.
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