Corn Showing Positive Trade at Midday
Corn futures are trading with fractional to 1 ½ cent gains across most contracts on Tuesday. The CmdtyView national average Cash Corn price is up a penny at $3.69 1/2.
USDA tallied corn export shipments at 1.129 MMT (44.47 mbu) during the week ending on October 9. That was 119.74% above the same week last year but down 33.61% from last week. Mexico was the top destination of 299,156 MT, with 202,680 MT headed to Colombia and 140,416 MT to South Korea. Marketing year exports for 2025/26 are now 7.94 MMT (312.59 mbu) since September 1, which is now 64.97% above the same period last year.
Taiwan tendered for up to 65,000 MT of corn, with a Wednesday deadline for offers.
CONAB raised their estimate for the 2025/26 Brazilian corn crop by 0.32 MMT to 138.6 MMT in their latest release this morning. ANEC estimates the October Brazilian corn exports at 6.46 MMT, which was a 0.4 MMT increase from their estimate last week.
Dec 25 Corn is at $4.12 1/4, up 1 1/2 cents,
Nearby Cash is at $3.69 1/2, up 1 cent,
Mar 26 Corn is at $4.28 1/2, up 1 1/4 cents,
May 26 Corn is at $4.37 1/4, up 3/4 cent,
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.