Corn futures had been in rally mode on Monday, as contracts closed 14 ½ to 21 ¼ cents increased throughout most 26/27 contracts. The CmdtyView nationwide common Money Corn value was again up 21 1/4 cents to $4.37 1/2.
NASS Crop Progress information confirmed the US corn crop at 76% planted as of Sunday, which was 6% forward of the 5-year common tempo of 70%. The crop was additionally 39% emerged, which is 2 share factors sooner than regular.
Extra Information from Barchart
Monday morning’s Export Inspections report confirmed 1.379 MMT (54.28 mbu) of corn shipped within the week of 5/14. That was 19.07% beneath final week and 21.68% shy of the identical week final yr. Japan was the biggest vacation spot of 440,975 MT, with 377,217 MT shipped to Mexico and 84,814 MT to Taiwan. The advertising and marketing yr complete is now 58.57 MMT (2.306 bbu) of corn shipped since September 1, which is 28.5% above the identical interval final yr.
On Sunday, the White Home launched a reality sheet on the US/China talks from final week, partly stating that “China will buy a minimum of $17 billion per yr of U.S. agricultural merchandise in 2026 (prorated), 2027, and 2028, along with the soybean buy commitments that it made in October 2025.”
Jul 26 Corn closed at $4.77, up 21 1/4 cents,
Close by Money was $4.37 1/2, up 21 1/4 cents,
Sep 26 Corn closed at $4.82 1/4, up 19 1/4 cents,
Dec 26 Corn closed at $4.98, up 17 cents,
New Crop Money was $4.51 3/8, up 18 3/4 cents,
On the date of publication, Austin Schroeder didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions. This text was initially printed on Barchart.com
