Corn futures are reverting to weaker trade on Thursday following the midweek bounce, as contracts are down 1 to 3 cents. The CmdtyView national average Cash Corn price is up 1 1/4 cents at $4.23. The average close for November futures has been $4.84, as the harvest price crop insurance discovery period has just 7 days left.
Export Sales data from this morning showed 1.527 MMT of 2026/27 corn sold in the week ending on October 15, exceeding trade ideas of between 0.7 to 1.5 MMT. That was 36.1% higher than the week prior but 45.9% below the same week last year.
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A South Korean importer purchased 55,000 MT of corn in a tender overnight.
Dec 26 Corn is at $4.62, down 1 1/4 cents,
Nearby Cash is at $4.23 1/1, down 1 1/4 cents,
Mar 27 Corn is at $4.76, down 1 1/4 cents,
May 27 Corn is at $4.83 3/4, down 1 1/2 cents,
Dec 27 Corn is at $4.99, down 2 3/4 cents,
'27 New Crop Cash is at $4.52 1/4, down 2 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.