Midday Update: Corn Prices See Modest Gains Amid Export Strength

The corn market is showing 1 to 3 cent gains this Thursday afternoon. This comes after experiencing some downward pressure at the 8:30 am CST opening. The national average Cash Corn price, as reported by cmdtyView, is currently up 2 ¼ cents at $4.61 1/2.

Robust Export Sales Data Boosting Market Confidence

For the week ending on January 30, Export Sales data indicated total corn bookings for 2024/25 at 1.477 MMT. This figure falls at the upper end of the anticipated range of 0.85 to 1.5 MMT for the week. Notably, this marks an 8.7% increase from the previous week and a significant 21.1% rise from the same week last year. Mexico emerged as the top buyer, purchasing 251,700 MT, followed by Japan with 214,000 MT, and South Korea with 210,000 MT. Sales recorded for 2025/26 reached 49,978 MT, placing them within the expected 0-100,000 MT trade range.

Policy Change Frees Up GMO Corn Trade with Mexico

In December, a trade panel dispute was settled, leading Mexico to lift its restrictions on GMO corn for human, animal, and industrial uses.

Current Corn Price Update

Mar 25 Corn is priced at $4.95 1/2, reflecting an increase of 2 1/4 cents. Nearby Cash is at $4.61 1/2, also up 2 1/4 cents. The May 25 Corn contract trades at $5.07 1/2, showing a gain of 2 3/4 cents, while Dec 25 Corn is priced at $4.69 1/2, up 1 cent.

The New Crop Cash price stands at $4.38 3/4, having gained 1/2 cent.

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 are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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