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Corn Close Thursday with Losses
Yahoo Finance· 2025-10-09 21:55
Core Insights - Corn futures experienced a decline, with losses ranging from 3 to 4 cents, influenced by external factors such as a two-month high in the US dollar index and a decrease in crude oil prices by 98 cents per barrel [1][3] - The national average cash corn price fell by 4 cents to $3.76 3/4, while December futures maintained an average close of $4.20 for the month, with fluctuations between $4.16 ½ and $4.22 [1][3] - Harvest pressure is evident as record acreage is being harvested without significant obstacles, contributing to uncertainty among traders due to a lack of export sales data [2] Price Movements - December 25 Corn closed at $4.18 1/4, down 3 3/4 cents, while nearby cash corn was at $3.76 3/4, down 4 cents [3] - March 26 Corn closed at $4.34, down 3 3/4 cents, and May 26 Corn closed at $4.42 3/4, down 3 1/2 cents [3] Production and Import Data - China's monthly report maintained the production estimate at 296.16 million metric tons (MMT) and reduced the import forecast by 1 MMT to 6 MMT [3]