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Corn Showing Weakness on Thursday
Yahoo Finance· 2025-09-18 17:01
Core Insights - Corn futures are currently trading lower, with contracts down by 2 to 3 cents, and the national average cash corn price is reported at $3.79 ½, down by 2 3/4 cents [1] - A private export sale of 110,000 MT of corn to Mexico for the 2025/26 shipment was reported by the USDA [1] - The USDA's Export Sales report indicated a total of 1.23 MMT of corn sold for the 2025/26 period in the week ending on September 11, which is 45.4% higher than the same week last year [2] Market Data - Brazil's corn crop for 2025/26 is estimated at 138.28 MMT, a decrease of 1.42 MMT from the previous marketing year, while acreage is expected to increase by 770,000 hectares to 22.63 million hectares [3] - Current corn prices include Dec 25 Corn at $4.24, Nearby Cash at $3.79 ½, Mar 26 Corn at $4.41 3/4, and May 26 Corn at $4.51 3/4, all showing a decline of 2 to 2 3/4 cents [3]