The corn market is posting midday gains of 1 to 2 ¼ cents so far on Thursday, reverting from the weaker action on Wednesday. The national average Cash Corn price from cmdtyView is up 2 1/2 cents at $4.10 1/2.
Export Sales data released this morning showed a total of 1.175 MMT of 2024/25 corn sold for export, which was in the middle of estimates of 0.8 to 1.6 MMT. That was up 24% from the week prior. There was another 2,540 MT sold for 2025/26. Mexico was the largest buyer of 395,500 MT, with 273,100 MT sold to Japan and 204,800 MT to Columbia.
Several South Korean importers purchased a total of 268,000 MT of corn overnight, with at least 65,000 MT to be sourced from the US.
Mar 25 Corn is at $4.39 1/2, up 2 1/4 cents,
Nearby Cash is at $4.10 1/2, up 2 1/2 cents,
May 25 Corn is at $4.45 1/4, up 1 1/2 cents,
Jul 25 Corn is at $4.48 1/4, up 1 cent,
- Corn Demand in Focus: What The Cash Market May Be Trying To Say
- What the Election Results May Mean for the Corn and Soybean Markets
- Global Corn Dynamics: Surging US Export Demand, Smaller Supplies And A China Wildcard
- What Surprisingly Strong Cash Markets Are Saying About Corn And Soybeans
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