Corn Closes Lower Despite More Export Business
Yahoo Finance·2025-09-24 22:08

Group 1 - Corn futures experienced losses of 1 to 2 cents across most contracts, with the CmdtyView national average Cash Corn price down 2 cents at $3.80 1/4 [1] - A private export sale of 312,956 MT of corn to Mexico for the 2025/26 marketing year was reported by USDA [1] - Analysts anticipate export sales data for corn to range between 1 and 1.8 MMT for the week of September 18 [2] Group 2 - EIA data indicated ethanol production totaled 1.024 million barrels per day for the week of September 19, a decrease of 31,000 bpd, while stocks increased by 866,000 barrels to 23.468 million barrels [3] - Ethanol exports rose by 9,000 bpd to 112,000 bpd, and refiner inputs of ethanol fell by 22,000 bpd to 900,000 bpd [3] - Brazil's corn exports for September are estimated at 7.61 MMT, reflecting an increase of 0.49 MMT from previous estimates [3] Group 3 - December 25 Corn closed at $4.24 1/4, down 2 cents, while March 26 Corn closed at $4.41 and May 26 Corn at $4.50 1/4, both down 2 cents [4]