Corn futures continued their death spiral selloff from recent weeks, with contracts falling another 5 to 8 1/4 cents by the close. CmdtyView’s national average cash corn price was 7 cents to $3.90. Crude oil losses of $3.11 added some pressure.
The USDA this morning reported a private export sale of 115,000 MT of corn to Colombia for shipment in 2026/27.
More Barchart news
Weekly export sales data showed 883,332 MT in old-crop corn sales during the week of May 28, down 13% from the previous week and down 6.3% from the same week last year. Japan was the buyer of 336,300 MT, of which 243,900 MT were sold to Mexico. New crop business was recorded at 243,716 MT, a 3-week low for 2026/27 business. The largest buyer was Costa Rica with 117,400 MT, of which 70,600 MT were sold to unknown destinations.
Forecasts are shifting eastwards, with parts of the ECB set to experience some rainfall over the next seven days.
Brazilian corn exports totaled 250,449 MT in May according to data from the Ministry of Commerce, well above the 38,928 MT in May 2025. The Buenos Aires Grain Exchange estimates that Argentina’s corn crop is 40.6% harvested, with its production estimate unchanged at 64 MMT.
July 26 Corn closed at $4.24 1/2, down 7 cents.
Nearby cash was $3.90, down 7 cents.
September 26 Corn closed at $4.32 3/4, down 7 1/2 cents.
December 26 Corn closed at $4.51 ¾, down 8 cents.
New Crop Cash was $4.05 3/8, down 7 3/4 cents,
As of the date of publication, Austin Schroeder had no (directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. This article was originally published on Barchart.com