Corn Closes Thursday with Gains as Export Business Gives Bulls a Boost
Corn futures held onto the Thursday gains into the close, after December held the $4 mark on Wednesday. Contracts closed with 4 to 6 cent gains. The CmdtyView national average Cash Corn price was up 4 3/4 cents at $3.67 1/4.
USDA reported two separate private export sales of 106,680 MT to Mexico and 105,000 MT to Guatemala, both for 2025/26 shipment.
Export Sales data showed 170,428 MT in old crop corn sales, the second lowest for the MY, during the week of July 31. Mexico was the buyer of 208,400 MT, with Colombia buying 148,900 MT, as unknown saw reductions of 491,700 MT which were mostly switched to a destinations. New crop business blew past the expectations, at 3.16 MMT in total. That takes the total sales for 2025/26 to 11.777 MMT, the second highest for the current week on record behind 2021/22 (when China was an active buyer). Unknown was the buyer of 1.28 MMT, with Mexico in for 408,000 MT and South Korea buying 402,000 MT.
Sep 25 Corn closed at $3.84 1/2, up 4 3/4 cents,
Nearby Cash was $3.67 1/4, up 4 3/4 cents,
Dec 25 Corn closed at $4.07, up 5 3/4 cents,
Mar 26 Corn closed at $4.24 1/2, up 5 1/4 cents,
New Crop Cash was $3.65 3/4, up 5 1/4 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.