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IPC Index — Mexico MarketCorn futures came out of the holiday slowed weeks with gains across the board. Front months were up 6 to 7 cents to lead the charge. The CmdtyView national average Cash Corn price was up 7 1/2 cents at $4.06 ¾.
USDA tallied corn export shipments at 1.207 MMT (47.5 mbu) during the week ending on January 1. That was 9.6% below the week prior and 37.58% above the same week in last year. Japan was the top destination of 294,366 MT, with 243,382 MT headed to Mexico and 90,557 MT to Guatemala. Marketing year exports for 2025/26 are 26.81 MMT (1.06 bbu) since September 1, which is now 64.83% larger vs. the same period last year. Another 119,195 MT of sorghum was headed to China.
Export Sales data got caught up this morning, with a total of 756,419 MT of corn sold in the week of 12/25, on the lower end of the expected 0.7-1.5 MMT. That was a marketing year low, and just 2.6% below the same holiday week last year.
Commitment of Traders data from this afternoon showed managed money flipping back to a net short position of 23,584 contracts in corn futures and options as of December 30. That was a move to the short side of 26,343 contracts
Mar 26 Corn closed at $4.44 1/2, up 7 cents,
Nearby Cash was $4.06 3/4, up 7 1/2 cents,
May 26 Corn closed at $4.52, up 6 1/2 cents,
Jul 26 Corn closed at $4.58 1/4, up 6 1/4 cents,
