Corn Dec '26 (ZCZ26)
Corn Futures Market News and Commentary
Corn futures closed the Tuesday session with deferred contracts fractionally lower to down 5 2/4 cents in the nearbys. In delivery May was down 8 ¼ cents. The CmdtyView national average Cash Corn price was 6 cents lower on the day to $4.38. Crude oil was back down $3.74 on the day to apply slight pressure.
NASS Crop Progress data showed the US corn crop at 38% planted as of Sunday, which was 4% ahead of the 5-year average pace of 34% and is now matching the pace from last year. By state, CO (-1%), IA (-2%), KS (-1%), MI (-9%), MO (-6%), NC (-5%), ND (-5%), and WI (-5%) were reported as lagging behind. The crop was also 3% emerged, which is 4 percentage points faster than normal.Â
Much of the northern Plains stretching over to parts of IA and WI are expected to remain dry in the next week, allowing for planting progress to continue. Much of the country from MO stretching through the ECB to the East Coast and south is looking at 1 to 3 inches.Â
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