The corn market closed the Thursday session with July up 3 cents, as Export Sales data was supportive. New crop contracts were down 1 to 3 cents. The nearby CmdtyView national average Cash Corn price was up 3 ¼ cents at $4.20.
Export Sales data from this morning showed corn bookings exceeding the trade expectations of 0.9 to 1.5 MMT for old crop, at 1.677 MMT in the week of May 8. That was a 20-week high and more than double the same week last year. South Korea led the buying spree at 603,300 MT in purchases, with 314,200 MT sold to Mexico and 208,000 MT to Japan. New crop sales were tallied near the high end of 350,000 to 600,000 MT estimates at 508,928 MT. That was the largest 2025/26 sales total yet this marketing year. Mexico was the bulk buyer of new crop at 467,100 MT.
CONAB data released this morning showed a 2.14 MMT increase to the corn output estimate for Brazil to 126.9 MMT. That was in large part due to a 1.9 MMT increase for the second crop.
Jul 25 Corn closed at $4.48 1/2, up 3 cents,
Nearby Cash was $4.20 1/1, up 3 1/4 cents,
Sep 25 Corn closed at $4.25, down 2 1/4 cents,
Mar 26 Corn closed at $4.53 1/2, down 1 3/4 cents,
New Crop Cash was $3.96, down 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.
