The Corn market is facing some sell pressure as traders get ready to close out the months. Contracts are down 2 to 6 cents at midday.. The national average Cash Corn price from cmdtyView is down 6 cents at $4.55 1/4.
USDA’s Export Sales report from this morning showed total of 1.359 MMT in the week ending on January 23, in the middle of the trade’s 0.85 to 1.8 MMT estimates. That was back down 18.2% from the previous week but still up 12.6% from the same week last year. Japan was the largest buyer of 493,100 MT, with Mexico buying 426,900 MT. Net reductions of 482,500 MT was reported for unknown destinations, mainly due to switching to a destination. Another 45,800 MT was reported for 2025/26 shipment, all to Japan.
Mar 25 Corn is at $4.91, down 6 cents,
Nearby Cash is at $4.55 1/4, down 6 cents,
May 25 Corn is at $5.02, down 5 1/2 cents,
Dec 25 Corn is at $4.64 3/4, down 2 cents,
New Crop Cash is at $4.34 1/2, down 2 1/2 cents,
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