Market Overview - Corn futures are experiencing losses of 2 to 3 cents across most contracts, influenced by external pressures such as a rising US dollar index and a decline in crude oil prices by $1.01 per barrel [1] - The national average cash corn price has decreased by 2.5 cents to $3.77 1/4, while the average close for December futures this month stands at $4.20 [1] Export Data - Export sales data will not be reported due to a government shutdown, but traders anticipated corn sales between 1.2 to 2 million metric tons (MMT) for the week of October 2 [2] - Brazilian corn exports are estimated at 6 MMT for October, showing an increase from 5.67 MMT in October 2024 [2] Production and Pricing - China's CASDE report maintains the corn production estimate at 296.16 MMT, with imports reduced by 1 MMT to 6 MMT [3] - Current corn prices include December futures at $4.19 3/4 (down 2 1/4 cents), nearby cash at $3.77 1/4 (down 2 1/2 cents), March 2026 corn at $4.34 3/4 (down 3 cents), and May 2026 corn at $4.43 3/4 (down 2 1/2 cents) [3]
Corn Pulling Back at Midday
Yahoo Finance·2025-10-09 17:19