Corn Prices Dip as Export Activity Shows Promising Trends

Corn prices declined on Monday, with contracts dropping between ¾ and 3 ¾ cents. The national average Cash Corn price from cmdtyView fell by 1 cent, settling at $4.02 3/4 per bushel.

Private Exports to Mexico Reported

This morning, the USDA announced a private export sale of 454,090 MT of corn to Mexico. This included 364,792 MT allocated for the 2024/25 marketing year and 89,298 MT designated for 2025/26.

Export Inspections on the Rise

According to USDA’s Weekly Export Inspections data, 903,049 MT (35.55 mbu) of corn was shipped during the week ending November 21. This figure marked a 2.66% increase from the previous week and outperformed the same week last year. Of the total, 406,285 MT was delivered to Mexico, while 219,705 MT went to Japan. Cumulatively, marketing year shipments have reached 10.028 MMT (394.81 mbu), representing a 37.54% increase compared to last year, which is the best start since the 2018/19 marketing year.

Market Close Details

Dec 24 Corn closed at $4.24 3/4, a decrease of 3/4 cent.

Nearby Cash registered at $4.02 3/4, down 1 cent.

Mar 25 Corn finished at $4.33, reflecting a drop of 2 1/4 cents.

May 25 Corn ended at $4.39 3/4, down 2 3/4 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.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.