Corn futures are showing 3 to 4 cent losses in the front months on Friday. The CmdtyView national average Cash Corn price is down 3 3/4 cents to $4.23. Export Sales data from Thursday brought the marketing year corn export commitments to 67.658 MMT, which is 30% larger than the same period last year. That is 81% of USDA’s export number and near the 82% average pace. Shipments at 43.46 MMT are now 52% of USDA’s number and running ahead of the 45% average pace. More News from Barchart The Buenos Aires Gr ...

Corn futures closed out the Thursday session with contracts 3 ¾ to 6 ½ cents higher across the board. Futures were closing in on the highs set on last week’s initial spike. The CmdtyView national average Cash Corn price was up 6 3/4 cents to $4.27 ¾. Export sales data from this morning showed 1.17 MMT of old crop corn sold in the week ending on 3/12. That was down 13.4% from last week and 11.7% below the same week last year. Mexico was the top buyer of 287,200 MT, with 194,900 MT to Japan and 142,300 MT t ...

Group 1: Corn Market Overview - Corn futures are experiencing gains of 8 to 9 cents across most contracts, with the CmdtyView national average Cash Corn price rising by 8.5 cents to $4.19 [1] - May 26 Corn is priced at $4.62 1/2, July 26 Corn at $4.74, and December 26 Corn at $4.90 1/4, all reflecting an increase of 8.5 cents [3] Group 2: Ethanol Production and Gasoline Prices - Ethanol production is reported at 1.093 million barrels per day for the week ending on March 13, a decrease of 33,000 barrels per day from the previous week [2] - Gasoline prices have increased from $2.94 at the end of February to $3.72 for the week of March 16 [2] Group 3: Export Sales Expectations - Export sales data is anticipated to be released, with expectations of 0.6-1.8 million metric tons of old crop corn sales for the week ending on March 12, and new crop business projected at 0-100,000 metric tons [3]

Group 1 - Corn futures are down 2 to 4 cents across most contracts, with March corn seeing a delivery of only 1 contract overnight [1] - The CmdtyView national average Cash Corn price has decreased by 4 cents to $4.02 3/4 [1] - USDA reported a private export sale of 125,000 MT of corn to unknown destinations, with expectations for old crop corn sales between 0.6-1.6 MMT [2] Group 2 - Ethanol production reported by EIA is at 1.095 million barrels per day, down 18,000 bpd from the previous week, while ethanol stocks increased by 691,000 barrels to 26.337 million barrels [3] - Exports of ethanol rose by 76,000 bpd to 217,000 bpd, while refiner inputs decreased by 2,000 bpd to 864,000 bpd [3] - Current corn prices include Mar 26 Corn at $4.30 1/4, down 4 cents, May 26 Corn at $4.43 1/4, down 3 1/4 cents, and Jul 26 Corn at $4.53, down 2 1/2 cents [3]

Group 1 - Corn futures experienced gains of 4 to 5 ½ cents, with May corn closing at $4.48 ½, marking an 8 ¾ cent gain for the week [1] - The national average cash corn price increased by 5 ¾ cents to $4.06 ¼, while the spring base crop insurance price was set at $4.62, down 8 cents from the previous year [1] - USDA reported a private export sale of 257,000 MT of corn to unknown destinations [1] Group 2 - Managed money reduced their net short position by 13,548 contracts, bringing the total to 13,867 contracts as of the week ending on 2/24 [2] - Corn export commitments reached 62.96 MMT, a 29% increase from the same period last year, representing 75% of the USDA's export projection [2] - Actual corn shipments accounted for 46% of the USDA estimate, which is 8 points ahead of the average shipping pace [2] Group 3 - South Korean importers purchased a total of 201,000 MT of corn in a recent tender [3] - March 26 corn closed at $4.38 ¾, up 5 ½ cents, while nearby cash corn was at $4.06 ¼, up 5 ¾ cents [3] - July 26 corn closed at $4.56, reflecting an increase of 4 ¾ cents [3]

Corn futures are trading with gains of 5 to 6 cents in the front months on Friday. First notice day showed just 9 deliveries overnight all issued by the Bunge house account. The CmdtyView national average Cash Corn price is up 6 1/4 cents to $4.07 3/4. The spring base Crop Insurance price will be set by the close today, as the average December corn close has been $4.61, down 9 cents from last year. USDA reported a private export sale of 257,000 MT of corn sold to unknown destinations this morning. More ...

Group 1 - Corn futures closed steady to fractionally higher across most contracts on Monday, with the CmdtyView national average Cash Corn price unchanged at $3.94 1/2 [1] - A private export sale of 125,000 MT of corn to Colombia was reported by USDA [1] Group 2 - The Export Inspections report indicated that 2.05 MMT (79.94 million bushels) of corn were shipped in the week of February 19, marking a 33.26% increase from the previous week and a 71.91% increase from the same week last year [2] - Japan was the largest destination for corn shipments, receiving 445,467 MT, followed by Mexico with 416,671 MT and South Korea with 404,881 MT [2] - The total corn shipped since September 1 reached 37.745 MMT (1.486 billion bushels), which is 45.64% larger than the same period last year [2] Group 3 - Brazil's first corn crop is estimated to be 28% harvested, which is behind the average pace of 37% [3] - The second corn crop in Brazil is reported to be 50% planted, lagging behind the average pace of 64% [3] - As of March 26, corn closed at $4.27 1/2, with nearby cash at $3.94 1/2, and May and July contracts showing slight increases [3]

Group 1 - Corn futures have decreased by 3 to 4.5 cents in the front months, with the CmdtyView national average cash corn price at $3.97, down 4.75 cents [1] - The average close for December futures this week is $4.57, while the February average close, which is used for spring base crop insurance, was $4.70 last year [1] Group 2 - Total corn export commitments stand at 58.735 million metric tons (MMT), which is 31% higher than the same period last year, representing 72% of the USDA's export projection [2] Group 3 - The USDA's WASDE report is expected next Tuesday, with no major changes anticipated for the US ending stocks, with an average trade guess of 2.215 billion bushels (bbu) [3] - StatsCanada reported corn stocks at 10.95 MMT as of December 31, reflecting a 3.3% decrease from the previous year [3]

Core Insights - Corn futures are experiencing gains of 5 to 7 cents, with the national average cash corn price rising to $3.94 1/2, an increase of 6 3/4 cents [1] Group 1: Export Sales Report - The USDA's Export Sales report indicates corn bookings reached 4.01 million metric tons (MMT), the highest since March 2021, significantly exceeding estimates of 1.9 to 3.1 MMT for the week of January 15 [2] - This week's sales are noted as the largest since 1991 when excluding purchases from China and previous shutdowns, and they are more than double the sales from the same week last year [2]

Group 1 - Corn futures experienced a slight recovery, with contracts increasing by 1 to 2 ¼ cents at the close, and the national average Cash Corn price rose by 2 ½ cents to $3.85 [1] - The EIA reported a significant increase in ethanol production, which surged by 98,000 barrels per day week-over-week, marking an 8.92% rise to a record 1.196 million barrels per day, exceeding the previous record by 5.75% [2] - Ethanol stocks increased by 821,000 barrels to 24.473 million barrels, with notable builds in the Gulf and East Coast regions, indicating preparations for potential exports [2] Group 2 - South Korean importers purchased a total of 402,000 MT of corn, with a confirmed private export sale of 136,000 MT from the US to South Korea [3] - The USDA Export Sales data is anticipated to show corn sales between 0.6 to 1.4 MMT for the week of January 8 [3] - The Rosario Grains Exchange has revised its estimate for the Argentina corn crop to 62 MMT, reflecting a 1 MMT increase from the previous estimate [3] Group 3 - March 26 Corn closed at $4.22, up 2 ¼ cents, while Nearby Cash was at $3.84, up 2 ½ cents; May 26 Corn closed at $4.29 ¾, up 2 cents, and July 26 Corn closed at $4.36, up 1 ½ cents [4]