Corn futures are trading with contracts up 4 to 5 ½ cents across the nearbys on Monday. The CmdtyView national average Cash Corn price is up 4 1/2 cents to $4.34 1/4. 

USDA reported a couple private export sales of corn this morning, with 380,000 MT (220,000 MT for 2025/26 and 160,000 MT for 2026/27) to Mexico and 128,000 MT of 2025/26 to South Korea. 

USDA’s FGIS tallied corn export shipments at 1.691 MMT (66.56 mbu) during the week ending on May 7. That was 17.1% below the week prior but 30.04% above the same week last year. Mexico was the top destination of 464,931 MT, with 275,981 MT headed to South Korea and 164,767 MT to Colombia. Marketing year exports for 2025/26 are 57.18 MMT (22.51 bbu) since September 1, which is now 30.49% below the same period last year.

The weekly CFTC Commitment of Traders report from Friday showed managed money increasing their net long in corn futures and options by 79,822 contracts to 343,925 contracts as of Tuesday. Commercials were increasing their net short by 108,804 contracts to 663,170 contracts.

The May WASDE report will be released on Tuesday, with traders looking for old crop corn stocks estimated at 2.13 billion bushels vs. 2.127 bbu in April. The first 2026/27 US balance sheet will be released for the World Ag Outlook Board, with analysts surveyed by Bloomberg at an average of 1.942 bbu and a range of 1.776-2.11 bbu. The 2026 US production number is estimated to be tallied at 15.985 bbu, with yield seen at 183 bpa.

A South Korean importer issued a tender for 210,000 MT of corn, with a deadline set for Tuesday. 

May 26 Corn is at $4.61 3/4, up 5 1/2 cents,

Nearby Cash is at $4.34 1/4, up 4 1/2 cents,

Jul 26 Corn is at $4.75 3/4, up 4 1/2 cents,

Dec 26 Corn is at $4.98, up 4 1/2 cents,

New Crop Cash is at $4.51, up 4 1/4 cents,