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Corn Holds Steady on Monday
Yahoo Finance· 2026-02-23 23:17
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]