Corn futures are slipping 1 to 2 cents in the front months on Friday as the market heads into month-end. The CmdtyView national average Cash Corn price is up ¼ cent at $4.14 3/4.
Acres left to be harvested may be slowed after the weekend, with the NOAA 7-day QPF showing upwards of 1-2 inches across much of the country in the latter half of that period.
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The average close for December corn futures in October has been $4.76, as the harvest price crop insurance discovery will be set at the close.
USDA’s Export Sales report from Thursday shows 2026/27 corn commitments at 23.496 MMT, which is 34% below last year. That is just 28% of USDA’s Export projection and lags the 5-year average of 39%.
A couple South Korean importers purchased a total of 204,000 MT in tenders overnight.
Dec 26 Corn is at $4.49 1/2, down 1 3/4 cents,
Nearby Cash is at $4.14 3/4, up 1/4 cent,
Mar 27 Corn is at $4.63 1/4, down 1 1/2 cents,
May 27 Corn is at $4.71 3/4, down 1 1/4 cents,
Dec 27 Corn is at $4.88 3/4, down 1/4 cent,
'27 New Crop Cash is at $4.44 1/2, up 3/4 cent,
On the date of publication, Austin Schroeder did not directly have a position 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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