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Corn futures posted losses of 3 ½ to 5 ¾ cents across most contracts on Thursday, with July holding onto a 4 ¾ cent gain. The CmdtyView national average Cash Corn price was down 3 1/2 cents at $3.86 1/2. The market and government will take Friday off in observance of Juneteenth, with a normal open on Sunday night.
USDA reported a daily private export sale of 285,775 MT of corn to Mexico this morning for new crop shipment.
The weekly USDA Export Sales report indicated 1.157 2025/26 corn sold in the week of June 11. That was a 4-week high for the 2025/26 marketing year and 28% above the same week last year. Spain was the top buyer of 262,900 MT, with 259,800 MT sold to Mexico and 249,900 MT to Japan. New crop business was tallied at 519,035 MT, taking full year new crop commitments to 4.643 MMT, 41.2% above the same period last year.
The NOAA 7-day forecast shows heavy precip totals more in the Western Corn Belt area in the next week, with weekend rains seen in NE/KS, and spilling over to IA and MO. Late weekend and early next week rainfall is expected along the I-states to OH.
Jul 26 Corn closed at $4.17 1/2, down 3 1/2 cents,
Nearby Cash was $3.86 1/2, down 3 1/2 cents,
Sep 26 Corn closed at $4.25 1/4, down 4 1/4 cents,
Dec 26 Corn closed at $4.44, down 4 3/4 cents,
New Crop Cash was $3.99 3/4, down 4 1/2 cents,
