Corn futures are trying to rally again as trading on Thursday closed with gains of 5 to 6 cents. Support extends from double-digit gains in wheat and soybeans, as well as $3.25 per barrel gains in crude oil. CmdtyView’s national average cash corn price rose 5 cents to $3.87 1/4.
The average close for December so far in October, now with only 6 business days left, is $4.19. That compares to last year’s crop insurance price of $4.17, but is 51 cents below the February price.
The USDA again delayed the weekly export sales report due to the ongoing shutdown, as traders still estimate that a total of 0.8 to 2 million tons of corn were sold in the week ending 10/16.
Data from the International Grains Council showed that global maize production for 2025/26 remained stable this month, with consumption increasing by 2 million tonnes and stocks rising by 5 million tonnes to 299 million tonnes due to rising 2024/25 stocks (+7 million tonnes).
December 25 Corn closed at $4.28, up 5 cents.
The cash close was $3.87 1/4, up 5 cents.
March 26 Corn closed at $4.41 1/4, up 5 1/2 cents.
On May 26, corn closed at $4.49 1/4, up 5 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