Corn futures are trading with fractional to penny losses across the front months on Tuesday. The CmdtyView national average Cash Corn price is down a penny at $3.90 1/4. USDA reported a private export sale of 110,000 MT of corn to unknown destinations this morning. Another sale of 306,000 MT of sorghum was reported as sold to unknown. More News from Barchart ANEC estimates the January export total from Brazil at 3.39 MMT, down 0.06 MMT from last week. That would be shy of the 3.59 MMT from the same mon ...

Group 1 - Corn futures experienced gains of 5 to 6 ½ cents across most contracts, resulting in a weekly increase of 5 ¾ cents [1] - The CmdtyView national average Cash Corn price rose by 6 3/4 cents to $3.93 1/2 [1] - The USDA's Export Sales report indicated corn bookings reached 4.01 million metric tons (MMT) for the week of January 15, the highest since March 2021 [2] Group 2 - The week of sales was the largest since 1991, more than doubling the same week last year [2] - Major buyers included unknown destinations (1.242 MMT), Japan (836,700 MT), South Korea (751,500 MT), and Mexico (422,600 MT) [2] - Managed money reduced their net short position in corn futures and options by 450 contracts, with a total net short of 81,324 contracts as of January 20 [3]

Corn futures came out of the holiday slowed weeks with gains across the board. Front months were up 6 to 7 cents to lead the charge. The CmdtyView national average Cash Corn price was up 7 1/2 cents at $4.06 ¾. USDA tallied corn export shipments at 1.207 MMT (47.5 mbu) during the week ending on January 1. That was 9.6% below the week prior and 37.58% above the same week in last year. Japan was the top destination of 294,366 MT, with 243,382 MT headed to Mexico and 90,557 MT to Guatemala. Marketing year ex ...

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]

Let's talk more about this now with Congressman Tracy Man. He's a Republican from Kansas, a member of the House Agriculture Committee and also hails from a family of farmers. So, he is uh uniquely suited to talk about this conversation here today.Uh Congressman, talk to me right now about what farmers in Kansas, maybe even some of your family members are telling you right now about the state of their finances. Is it difficult. >> Yeah, absolutely.You know, it's tough times on the family farm. My dad is sitt ...

Core Insights - China has approved imports of Brazilian sorghum, with shipments expected to begin this year, providing an alternative to declining U.S. exports [1][2] - The approval follows a visit by a Chinese delegation to Brazilian sorghum producers, indicating a strengthening of bilateral relations [3][4] - U.S. sorghum exports to China have significantly decreased, with a 97% drop year-on-year, highlighting the impact of deteriorating U.S.-China relations [5] Industry Impact - Brazil's sorghum production has doubled to 4.4 million metric tons in the 2023/24 season, but exports still account for less than 1% of the global market [6] - The interest from China is expected to boost demand for Brazilian sorghum, potentially encouraging increased planting in Brazil [7]

Core Viewpoint - The escalation of trade tensions due to new tariffs imposed by the U.S. on Canada, Mexico, and China is expected to significantly impact various sectors, leading to increased costs for consumers and potential disruptions in the global economy [1][4]. Automobiles - The automobile sector will be heavily affected, with Canada and Mexico accounting for approximately 47% of U.S. auto imports and 54% of car part imports [6]. - U.S. carmakers could see a reduction of 10-25% in their annual EBITDA due to the new tariffs, with potential increases of up to $12,000 in the price of new cars [7]. - ETFs like First Trust S-Network Future Vehicles & Technology ETF (CARZ) are likely to face pressure [7]. Agriculture - The agricultural export sector, valued at $191 billion, is threatened by the tariffs, particularly affecting imports of grains, meats, and dairy products from Canada and Mexico [8]. - The tariffs are expected to increase grocery prices, especially since Mexico is a key supplier of various produce to the U.S. [9]. - The Invesco DB Agriculture Fund (DBA) is anticipated to experience rough trading conditions [9]. Homebuilding - Tariffs will raise the costs of building materials, leading to a projected increase of 4-6% in homebuilding costs over the next year, which will negatively impact profitability [10]. - Companies like D.R. Horton (DHI), Toll Brothers (TOL), and Lennar (LEN), along with ETFs such as iShares U.S. Home Construction ETF (ITB) and SPDR S&P Homebuilders ETF (XHB), will be affected [10][11]. Aerospace - The aerospace industry will face increased production costs due to retaliatory tariffs from major buyers like China, Mexico, and Canada [12]. - Companies such as Boeing (BA) and Airbus, along with suppliers like Spirit AeroSystems and Hexcel, will see higher raw material costs [12]. - The iShares U.S. Aerospace & Defense ETF (ITA) is likely to be negatively impacted [12]. Retail - Major retailers, including Walmart (WMT), Target (TGT), Best Buy (BBY), and Costco (COST), are expected to face higher prices due to tariffs on consumer goods sourced from China and Mexico [13]. - Over 80% of toys sold in the U.S. are made in China, making retailers vulnerable to increased costs [14]. - Walmart's grocery business could also see rising costs, as Mexico supplies a significant portion of U.S. fruit and vegetable imports [14]. Energy - The energy sector will experience increased costs due to a 10% tariff on Canadian energy exports, which could raise prices for heating, electricity, and fuel for American consumers [15]. - ETFs like United States Natural Gas Fund (UNG) and Energy Select Sector SPDR Fund (XLE) are expected to be adversely affected [15].