Corn futures experienced slight losses on July 26, with July contracts closing at $4.44, down 2.75 cents. The national average cash corn price remained stable at $4.08½.
As of May 31, 93% of the U.S. corn crop was planted, surpassing the normal pace by 1 percentage point. Emergence reached 76%, also ahead of average. However, initial corn crop ratings stood at 67% good/excellent, falling short of the 70% expected and marking a three-year low.
The Grain Crushing report indicated that 427.68 million bushels of corn were used for ethanol production in April, a decline of 9.9% from March yet a 1.05% increase year-over-year. Corn export shipments totaled 1.728 million metric tons (MMT) for the week ending May 28, reflecting a 7.72% increase from the previous week. The marketing year exports for 2025/26 reached 61.94 MMT, up 27.33% from the same period last year.
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