Corn futures firmed into the close, as contracts were up ½ to 2 cents across the board. The CmdtyView national average Cash Corn price was down 2 3/4 cents at $4.11 1/2.
USDA reported a private export sale of 1.73 MMT of corn to Mexico, with 1.135 MMT for the current marketing year and 594,360 MT for 2027/28.
NASS Crop Progress data showed the US corn harvest at 74% complete as of November 1, moving 14% on the week but still 3 percentage points back of the 5-year average.
USDA’s FGIS tallied corn export shipments at 884,766 MT (34.82 mbu) during the week ending on October 29. That was 38.63% above the week prior but 48.32% below the same week last year. Mexico was the top destination of 520,923 MT, with 78,869 MT headed to Colombia and 51,985 MT to Saudi Arabia. Marketing year exports for 2026/27 are 10.676 MMT (420.28 mbu) since September 1, which is now 13.21% below the same period last year.
The monthly Grain Crushing report from NASS showed 438.4 million bushels of corn used for ethanol production in September. That was an 8 year high for the month and 0.65% above last year, with the seasonal month/month drop at 8.5%.
AgRural estimates the Brazilian first corn crop at 63% planted, ahead of the 59% pace from last year.
Dec 26 Corn closed at $4.48 1/4, up 1/2 cent,
Nearby Cash was $4.11 1/2, down 2 3/4 cents,
Mar 27 Corn closed at $4.62, up 1 cent,
May 27 Corn closed at $4.70 3/4, up 1 3/4 cents,
Dec 27 Corn closed at $4.89, up 1 1/2 cents,
New Crop Cash was $4.49 5/8, up 5 cents,
On the date of publication, Austin Schroeder did not directly have a position 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.