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Corn Closes Slightly Higher on Thursday
Yahoo Finance· 2026-01-29 23:18
Group 1 - Corn futures experienced fractional to 2 cent gains, with the CmdtyView national average Cash Corn price increasing by 1 3/4 cents to $3.95 1/4 [1] - Export Sales data indicated 1.649 MMT of corn sales for the week of January 22, which is a decrease from the previous week but still 21.4% higher than the same week last year [1] - Japan was the leading buyer of corn, purchasing 365,100 MT, followed by Mexico with 350,800 MT and Colombia with 339,500 MT [1] Group 2 - Census trade data revealed a total of 7.305 MMT (287.6 million bushels) of corn shipped in November, marking the second largest total for the month on record and the highest monthly total since last April [2] - Distillers exports fell to 933,557 MT compared to the previous year, while ethanol exports reached a record 211.33 million gallons for November, the second largest monthly total on record [2] - As of March 26, Corn closed at $4.30 3/4, with nearby Cash at $3.95 1/4, and May and July Corn closing at $4.39 and $4.45 3/4 respectively, reflecting slight increases [2]
Corn Holding onto Gains at Midday
Yahoo Finance· 2026-01-29 18:23
Group 1 - Corn futures are experiencing fractional to penny gains, with the CmdtyView national average Cash Corn price increasing by 1.25 cents to $3.95 3/4 [1] - Export Sales data indicates 1.649 million metric tons (MMT) of corn sales for the week of January 22, which is 21.4% higher than the same week last year, despite being lower than the previous week [1] Group 2 - Census trade data reveals that 7.305 MMT (287.6 million bushels) of corn were shipped in November, marking the second-largest total for the month on record and the highest since April [2] - Distillers exports decreased to 933,557 metric tons compared to the previous year, while ethanol exports reached a record 211.33 million gallons for November, the second-largest monthly total ever recorded [2] - Current corn prices include Mar 26 Corn at $4.30 1/4 (up 0.25 cents), Nearby Cash at $3.95 3/4 (up 1.25 cents), May 26 Corn at $4.38 1/4 (up 0.25 cents), and Jul 26 Corn at $4.45 (up 1 cent) [2]
Corn Holding Steady at Midday
Yahoo Finance· 2026-01-08 18:27
Group 1 - Corn futures are holding steady with some contracts fractionally higher, and the national average cash corn price is at $4.09 [1] - Export sales data for the week ending January 1 showed only 377,598 MT of corn sold, which is below the estimated range of 0.7-1.5 MMT for 2025/26 and represents a 15.1% decrease compared to the same week last year [1] - For the 2026/27 marketing year, corn sales were recorded at 11,860 MT, falling within the expectations of 0-100,000 MT [1] Group 2 - Census data revealed a record export of 6.564 MMT of corn in October, which is a 5.93% decrease from September but a 63.38% increase from October 2024 [2] - Distillers exports in October were nearly at last year's record level, totaling 1.067 MMT, while ethanol shipments reached a record pace of 185 million gallons [2] Group 3 - The USDA is set to release data on Monday, with expectations for US corn production to be at 16.553 billion bushels and an estimated yield of 184 bushels per acre according to a Bloomberg survey [3] - Current corn prices include March 26 Corn at $4.46 3/4, Nearby Cash at $4.08, May 26 Corn at $4.54 1/2, and July 26 Corn at $4.60 1/2, with slight increases noted for May and July contracts [3]