Corn rounded out Thursday commerce with contracts down 4 to six cents throughout most contracts. The CmdtyView nationwide common Money Corn worth was down 6 3/4 at $4.10 3/4.
USDA’s weekly Export Gross sales report this morning fell in need of the commerce estimated vary of 500,000 to 1 MMT for outdated crop corn export enterprise within the week of July 9. It confirmed simply 314,962 MT. That was a MY low however nonetheless greater than triple the identical week final 12 months. Gross sales for 2026/27 had been on the decrease aspect of the 0.3-1.1 MMT expectations at 311,222 MT. That was a 6-week low and took the amassed new crop commitments to six.859 MMT, 14.5% above the identical time final 12 months.
Extra Information from Barchart
The subsequent 7 days are predicted to be comparatively dry for a lot of the Western Corn Belt in keeping with NOAA’s 7-day QPF, with simply hint quantities in a lot of MN, IA, NE, MO, and the Dakotas. The Jap Corn Belt is seen a little bit wetter, with 0.5-1.5 inches anticipated in components of IL, IN, and OH.
The IGC reduce its projection for 2026/27 world corn manufacturing by 4 million metric tonnes (MMT) to 1.306 billion tonnes. The French crop forecast was diminished 3 MMT resulting from extreme warmth harming yield potential.
Sep 26 Corn closed at $4.41 1/2, down 6 cents,
Close by Money was $4.10 3/4, down 6 3/4 cents,
Dec 26 Corn closed at $4.64, down 5 1/2 cents,
Mar 27 Corn closed at $4.79 1/2, down 4 3/4 cents,
New Crop Money was $4.13 3/8, down 6 1/2 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 data and knowledge on this article is solely for informational functions. This text was initially revealed on Barchart.com
