Corn prices saw slight declines on Friday, with July options expiring today and first notice day starting Monday. The CmdtyView national average cash corn price is $3.87 ¾ per bushel, down ¼ cent. In trading, July corn is priced at $4.14 ¼, September at $4.23 ¼, and December at $4.42 ¾, all reflecting minor decreases.
As of June 18, USDA’s Export Sales data indicated 84.667 million metric tons (MMT) of corn sold for the 2025/26 season, meeting 100% of the USDA export forecast and surpassing previous years’ levels. Actual shipments totaled 67.81 MMT, equating to 80% of the USDA estimate. For the 2026/27 season, accumulated sales stand at 5.379 MMT, 49.7% larger year-over-year.
Precipitation forecasts indicate limited rainfall across Nebraska, South Dakota, Iowa, and parts of Minnesota and Wisconsin, with expected totals of 1 to 2 inches in the Eastern Corn Belt. The 8-14 day outlook suggests warmer temperatures and below-average precipitation across that region.
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