Corn Futures Decline Amid Mixed Planting Conditions in the Corn Belt

Corn futures are currently down by 3 to 4 cents on Friday. The front month CmdtyView national average Cash Corn price decreased by 3 ¼ cents, landing at $4.17 ¾.

Weather Impacts on Corn Planting

Precipitation expected over the next week will affect much of the Corn Belt. While some eastern regions are experiencing delays in planting, the moisture will benefit the crops that are already in the ground.

Export Sales Performance

The latest Export Sales data indicates total commitments at 62.088 million metric tons (MMT), which represents 94% of the USDA export estimate updated earlier this week. Typically, export bookings reach 95% of the projection by this time. Actual exports via FAS are recorded at 45.015 MMT, accounting for 68% of the USDA figure and slightly ahead of the average pace, which is typically around 66%.

Current Corn Prices

Jul 25 Corn is trading at $4.44 ¾, down 3 ¾ cents.

Nearby Cash is at $4.17 ¾, down 3 ¼ cents.

Sep 25 Corn shows a price of $4.21 ¼, also down 3 ¾ cents.

Mar 26 Corn is at $4.50, down 3 ½ cents.

New Crop Cash stands at $3.93, down 3 cents.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data presented are for informational purposes only. For more details, please view the Barchart Disclosure Policy here.

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