Corn futures are trading with contracts fractionally mixed on Monday. The CmdtyView national average Cash Corn price is steady at $4.59 3/4.
USDA reported a private export sale of 129,540 MT of corn to Mexico this morning, all for 26/27 shipment.
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USDA’s weekly Export Inspections report tallied corn export shipments at 1.368 MMT (53.84 mbu) during the week ending on October 1. That was down 19.63% from the week prior but 13.49% above the same week last year. Mexico was the top destination of 539,844 MT, with 372,508 MT headed to Japan and 177,792 MT to Colombia. Marketing year exports for 2026/27 are 7.11 MMT (279.91 mbu), which is now 4.4% above the same period last year.
Weekly CFTC data showed managed money trimming another 36,587 contracts from their net long position in corn futures and options as of Tuesday. By the 9/29 they were net long 377,850 contracts. Much of that reduction was via long liquidation.
AgRural estimates the Brazilian first corn crop at 38% planted as of last Thursday, which was behind the 40% from the same week last year.
Dec 26 Corn is at $4.97 1/2, down 1/4 cent,
Nearby Cash is at $4.59 3/4, down 0 cent,
Mar 27 Corn is at $5.11 1/2, unch,
May 27 Corn is at $5.18 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.
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