Corn futures are down 2 to 3 cents across most contracts on Monday. The CmdtyView national average Cash Corn price is down 2 1/4 cents at $3.94 1/2.
A private export sale of 150,320 MT of corn was sold to unknown destinations this morning.
USDA tallied corn export shipments at 1.589 MMT (62.32 mbu) during the week ending on December 11. That was 9.07% below the week prior’s revised total and 37.25% larger than the same week in 2024. Mexico was the top destination of 488,231 MT, with 301,240 MT headed to Japan and 219,729 MT to Spain. Marketing year exports for 2025/26 are now 22.501 MMT (885.84 mbu) since September 1, which is now 68.74% larger than the same period last year. USDA also reported 71,917 MT of sorghum to China.
Export Sales data got another catchup this morning, with a total of 1.84 MMT of corn booked in the week of 11/20. That was on the higher end of traders looking for 1.1-2.2 MMT. That was a drop from the week prior, but still 73.4% larger than the same week last year.
Mar 26 Corn is at $4.38 1/2, down 2 1/4 cents,
Nearby Cash is at $3.94 1/2, down 2 1/4 cents,
May 26 Corn is at $4.46 3/4, down 2 1/4 cents,
Jul 26 Corn is at $4.52 3/4, down 2 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.
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