Corn futures are pulling back from the overnight strength on Monday, with contracts down 2 to 3 cents at midday. The national average Cash Corn price from cmdtyView is down 3 cents at $4.22 1/2.
This morning’s Export Inspections report indicated a total of 878,380 MT (34.58 mbu) of corn shipped in the week that ended on 12/26. That was a drop of 23.36% from the previous week but up 54.14% from the same Christmas week last year. Mexico was the largest destination of 292,428 MT, with 191,326 MT headed to Japan. Shipments for the marketing year have totaled 15.359 MMT (604.67 mbu), an increase of 28.52% from the same week period in 2023/24.
Mar 25 Corn is at $4.51, down 3 cents,
Nearby Cash is at $4.22 1/2, down 3 cents,
May 25 Corn is at $4.58 3/4, down 2 3/4 cents,
Jul 25 Corn is at $4.62, down 2 1/2 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. More news from Barchart- Do Grains and Oilseed Futures Offer Value for 2025?
- 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
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
