Corn Prices Dip as Market Adjusts After Recent Gains
On Wednesday, the corn market is experiencing losses between 2 to 7 cents across most contracts, as futures retreat from their recent upward trend. Meanwhile, the national average cash corn price, according to cmdtyView, has risen by 6 3/4 cents to $4.48 1/4.
In another development, the USDA announced a private export sale of 136,000 metric tons of corn destined for unknown buyers during the 2024/25 shipping season.
S&P Global indicates that the acreage for corn in 2025 is projected to reach 93.5 million acres, marking a 700,000 acre increase from the previous December estimate. Meanwhile, a South Korean importer secured 136,000 metric tons of corn overnight, while Algeria has issued a tender for 240,000 metric tons, with bids due on Thursday.
Mar 25 Corn stands at $4.83 1/4, down 6 3/4 cents. Nearby Cash prices are at $4.48 1/4, also down by 6 3/4 cents. May 25 Corn is priced at $4.92 3/4, falling 7 cents.
Dec 25 Corn is noted at $4.57 1/2, experiencing a decrease of 2 1/4 cents, while New Crop Cash has dipped to $4.28 3/4, down 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 presented here is solely for informational purposes. For further details, please review the Barchart Disclosure Policy .
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