Corn Futures Decline Amid Trade Tensions and Market Adjustments

Market Update: Cash Corn Price Dips as International Trade Developments Impact Prices

Corn futures saw a decrease of 1 ¼ to 5 cents on Tuesday, largely influenced by ongoing trade tensions. The national average Cash Corn price, as reported by cmdtyView, fell by 5 1/2 cents to $3.96 1/4 per bushel. Traders await the EIA data set to be released Wednesday morning, hopeful for strong ethanol production numbers to support the market.

In a recent Truth Social post, President-elect Trump announced plans to sign an executive order imposing a 25% tariff on all goods from Mexico and Canada, claiming this action addresses the issue of open borders. Initially, market reactions were muted, but weakness was noted as the day progressed.

On another note, South Korean importers secured 133,000 MT and 65,000 MT of international corn on Tuesday morning. Meanwhile, ANEC has updated its estimate for Brazilian corn exports in November, projecting a total of 5.1 MMT, which is a 470,000 MT decrease from earlier predictions.

Dec 24 Corn: Closed at $4.20, down 4 3/4 cents.

Nearby Cash: $3.96 1/4, down 5 1/2 cents.

Mar 25 Corn: Closed at $4.28, down 5 cents.

May 25 Corn: Closed at $4.35 1/4, down 4 1/2 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.