Corn Bulls Pushing Back Higher on Thursday
Corn futures are trading with 2 to 3 ½ cent gains in the front months on Thursday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.96 1/4.
Export Sales data from this morning showed a total of 2.07 MMT of corn sold in the week of February 5, exceeding estimates of between 0.6-1.1 MMT. That was nearly double the pervious week and 25.5% larger than the same week last year. Sales for 2026/27 were 60,000 MT that week.
CONAB trimmed their Brazilian corn crop estimate by 0.42 MMT to 138.45 MMT this morning, as the second crop was cut by 1.2 MMT.
Mar 26 Corn is at $4.29 3/4, up 2 1/4 cents,
Nearby Cash is at $3.96 1/4, up 2 1/4 cents,
May 26 Corn is at $4.39 1/2, up 3 cents,
Jul 26 Corn is at $4.47 1/2, up 3 1/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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