Corn futures are down 3 to 4 ½ cents in the front months on Friday. The CmdtyView national average Cash Corn price is down 4 3/4 cents at $3.97. The average close so far this week for December futures has been $4.57. The average close for February is used for the spring base crop insurance price, with last year at $4.70. Export Sales data shows total corn export commitments at 58.735 MMT, which is 31% above the same period last year. That is now 72% of USDA’s export projection and ahead of the 71% averag ...

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]

Group 1 - Corn futures are trading higher, with contracts increasing by 2 to 4.5 cents at midday, indicating strong demand driven by record ethanol production and exports [1] - The CmdtyView national average Cash Corn price has risen by 4.5 cents to $3.96 1/4 [1] - A private export sale of 177,055 MT of corn to Mexico was reported by the USDA [1] Group 2 - EIA data revealed a record ethanol corn grind for the week ending December 12, increasing by 26,000 barrels per day to 1.131 million bpd, while stocks decreased by 157,000 barrels to 22.353 million barrels [2] - Ethanol exports rose by 66,000 bpd to 191,000 bpd, and refiner inputs of ethanol increased by 55,000 barrels per day to 906,000 bpd [2] Group 3 - A South Korean importer purchased 268,000 MT of corn in a recent tender [3] - Brazil's December corn exports are estimated at 6.35 MMT, reflecting a slight increase of 0.05 MMT from the previous week [3] - Current corn prices for various contracts are as follows: Mar 26 at $4.41 (up 4.5 cents), Nearby Cash at $3.96 1/4 (up 4.5 cents), May 26 at $4.48 (up 3.5 cents), and Jul 26 at $4.53 3/4 (up 2.75 cents) [3]

Group 1 - Corn futures are down 2 to 3 cents across most contracts, with the national average cash corn price at $3.94 1/2, down 2 1/4 cents [1] - A private export sale of 150,320 MT of corn was reported to unknown destinations [1] - USDA reported corn export shipments at 1.589 MMT during the week ending December 11, which is 9.07% below the previous week but 37.25% larger than the same week in 2024 [2] Group 2 - Mexico was the top destination for corn exports, receiving 488,231 MT, followed by Japan with 301,240 MT and Spain with 219,729 MT [2] - Marketing year exports for 2025/26 reached 22.501 MMT since September 1, which is 68.74% larger than the same period last year [2] - A total of 1.84 MMT of corn was booked in the week of November 20, which is 73.4% larger than the same week last year [3]

Group 1 - Corn futures increased by 1 to 2 cents at midday, with December corn deliveries totaling 22 overnight [1] - The national average Cash Corn price rose by 1 3/42 cents, reaching $4.01 3/4 [1] - A private export sale of 186,000 MT of corn was reported by USDA, contributing to a 4-week high of 2.38 MMT sold in the week ending on 11/13, which is 59.3% larger than the same week last year [2] Group 2 - September corn exports reached a record 6.978 MMT, which is 9.09% larger than August and 60.93% larger than the same month last year [3] - The Grain Crushings report indicated that September corn grind was 435.36 million bushels, down 2.66% from last year, while October corn grind increased to 476.4 million bushels, up 2.76% year-over-year [4] - A Taiwan importer purchased 65,000 MT of US corn, and Brazilian corn production was updated to 138.88 MMT, reflecting a slight increase [5]

Group 1 - Corn futures are trading 1 to 2 cents higher at midday, with the CmdtyView national average Cash Corn price up 2 1/4 cents at $3.98 1/4 [1] - USDA's Crop Progress report indicates that 91% of the corn crop has been harvested as of November 16, which is behind the 94% average harvest pace over the last 5 years [1] Group 2 - A South Korean importer has purchased a total of 65,000 MT of corn in a recent tender, likely of US origin [2] - December 25 Corn is priced at $4.36 3/4, up 2 cents, while March 26 Corn is at $4.49 1/2, up 1 1/2 cents, and May 26 Corn is at $4.56 3/4, up 1 1/4 cents [2]

Core Insights - Corn futures are experiencing slight gains, with the national average cash corn price reported at $3.76, down 2.25 cents from the previous Friday [1] Export Data - Export inspections data indicates that 1.6 million metric tons (MMT) of corn were shipped in the week ending October 2, marking a 3.94% increase from the prior week and a significant 68.74% increase year-over-year [2] - Mexico was the leading destination for corn exports, receiving 457,117 MT, followed by Japan with 231,859 MT and Spain with 207,861 MT [2] - Total marketing year shipments have reached 6.709 MMT, which is 56.06% larger compared to the same period last year [2] Brazilian Corn Crop - AgRural reports that 40% of the Brazilian first corn crop has been planted as of Thursday in the center-south region, an increase from 37% during the same week last year [3]

Core Insights - Corn futures experienced an increase, with contracts rising by 5 to 6 cents on the day, indicating a positive market trend for corn prices [1] - The national average cash corn price rose by 5.5 cents to $3.78 1/4, reflecting a general upward movement in corn pricing [1] - S&P Global has reduced its estimate for the US corn yield to 185.5 bushels per acre (bpa), a decrease of 3.6 bpa from the previous month, with total production estimated at 16.707 billion bushels (bbu) [2] Price Movements - December 25 corn closed at $4.21 3/4, up 5 1/4 cents, indicating a positive shift in futures pricing [2] - Nearby cash corn price was reported at $3.78 1/4, up 5 1/2 cents, showing a consistent increase in cash market prices [2] - March 26 corn closed at $4.38, up 5 1/4 cents, and May 26 corn closed at $4.47 3/4, up 5 cents, further demonstrating the upward trend in corn futures [2] Harvest Conditions - Harvest activities in the Eastern Corn Belt (ECB) may face delays due to light rainfall expected in the upcoming week, particularly affecting regions in Nebraska, Iowa, and the Dakotas [1] - The harvest price for crop insurance will be determined this month based on the average December corn close during October, with the current average of the first two days at $4.19 compared to the spring price of $4.70 [1]

Market Overview - Corn futures are down 2 to 2 ¼ cents in the front months on Tuesday morning, with the market closing the previous session fractionally lower for front months and up ¾ to 1 ¾ cents for contracts from September '26 and beyond [1] - Preliminary open interest increased by 1,724 contracts on Tuesday, with December down 4,101 contracts and March up 4,903 contracts [1] - The CmdtyView national average Cash Corn price remained steady at $3.78 ¼ on Monday [1] Grain Stocks Report - Analysts surveyed by Bloomberg expect the USDA to report 1.336 billion bushels (bbu) of corn on hand as of September 1, with estimates ranging from 1.26 to 1.45 bbu [2] Crop Progress - As of Monday afternoon, 95% of the US corn crop is listed as dented and 71% is mature, with harvest progress at 18%, slightly below the 19% average pace [3] - Condition ratings remain unchanged at 66% good/excellent, with the Brugler500 index steady at 370 [3] Export Inspections - The Export Inspections report indicated a total of 1.527 million metric tons (MMT) of corn shipped in the week of September 25, which is 10.19% above the previous week and 32.85% larger than the same week last year [4] - Mexico was the largest buyer, importing 663,960 MT, followed by Japan with 251,883 MT and South Korea with 191,564 MT [4] - The marketing year total for corn shipments now stands at 5.097 MMT (200.65 million bushels), which is 52.11% above the same period last year [4]