Corn Dec '18 (ZCZ18)
Corn Futures Market News and Commentary
Corn futures are ramping up their death spiral liquidation from the last few weeks, with contracts down another 8 to 9 cents at midday. The CmdtyView national average Cash Corn price was is 8 3/4 cents at $3.88 ¼.
USDA reported a private export sale of 115,000 MT of corn to Colombia this morning for 2026/27 shipment.
Weekly Export Sales data showed 883,332 MT in old crop corn sales during the week of 5/28, which fell shy of the end of the trade estimates 0.9-1.5 MMT. That was down 13% from the week prior and 6.3% below the same week last year. New crop business was seen at 243,716 MT, within the expected range of 100,000 to 600,000 MT. That was a 3-week low for 2026/27 business.
Forecasts are shifting east, with portions of the ECB getting some precip over the next 7 days.Â
Brazilian corn exports totaled 250,449 MT in May according trade ministry data, well above the 38,928 MT in May 2025.
Jul 26 Corn is at $4.22 3/4, down 8 3/4 cents,
Nearby Cash... Read more
Barchart · 1 hour ago
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