Corn futures are showing 1 to 2 cent losses on Monday’s midday. The CmdtyView national average Cash Corn price is down 1 3/4 cents at $3.92 3/4.
USDA’s FGIS tallied corn export shipments at 1.51 MMT (59.45 mbu) during the week ending on January 22. That was 1.63% larger than the week prior and 20.74% above the same week last year. Mexico was the top destination of 402,936 MT, with 265,122 MT headed to Japan and 210,763 MT to Spain. Marketing year exports for 2025/26 are 31.437 MMT (1.24 bbu) since September 1, which is now 53.35% larger than the same period last year.
Export Sales data updated last Friday has corn export commitments at 56.045 MMT, which is 34% ahead of last year. That is 69% of the record USDA export estimate and ahead of the 65% average pace.
Managed money trimmed their net short position in corn futures and options by just 450 contracts in the week that ended on January 20. That net short was 81,324 contracts according to Commitment of Traders data on Friday.
AgRural estimates the first corn crop in the center south regions of Brazil at 5% harvested, ahead of the 2.2% pace last year. The second crop is pegged at 4.7% planted as of last Thursday, behind the 8.6% early pace in 2024/25. They raised their estimate for the country’s corn crop by 0.6 MMT to 136.6 MMT.
Mar 26 Corn is at $4.28 3/4, down 1 3/4 cents,
Nearby Cash is at $3.92 3/4, down 1 3/4 cents,
May 26 Corn is at $4.36 1/2, down 1 1/2 cents,
Jul 26 Corn is at $4.42 1/2, down 1 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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