Corn Pit Jul '26 (CN26)
Corn (Pit) Futures Market News and Commentary
Corn futures were in rally mode on Monday, as contracts closed 14 ½ to 21 ¼ cents higher across most 26/27 contracts.  The CmdtyView national average Cash Corn price was back up 21 1/4 cents to $4.37 1/2.Â
NASS Crop Progress data showed the US corn crop at 76% planted as of Sunday, which was 6% ahead of the 5-year average pace of 70%. The crop was also 39% emerged, which is 2 percentage points faster than normal.Â
Monday morning’s Export Inspections report showed 1.379 MMT (54.28 mbu) of corn shipped in the week of 5/14. That was 19.07% below last week and 21.68% shy of the same week last year. Japan was the largest destination of 440,975 MT, with 377,217 MT shipped to Mexico and 84,814 MT to Taiwan. The marketing year total is now 58.57 MMT (2.306 bbu) of corn shipped since September 1, which is 28.5% above the same period last year.
On Sunday, the White House released a fact sheet on the US/China talks from last week, in part stating that “China will purchase at... Read more
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