Corn futures are experiencing a mixed trend on Thursday, with front months rising by up to 2.25 cents while deferred contracts dip by 1.5 cents. There are 262 delivery notices against July corn, and the national average cash corn price is $3.93¾, a slight increase of 0.5 cents. The market will close for the July 4th holiday on Friday, resuming normal operations on Sunday night.
According to the latest Export Sales data, old crop corn sales reached 732,070 metric tons for the week ending June 25, slightly down from last week but up 37.4% compared to the same week last year. New crop business was recorded at 767,756 metric tons, which is a three-week high, though 18.3% lower than last year. Total accumulated sales for the 2026/27 marketing year have reached 6.147 million metric tons, marking a 35.6% increase year-over-year.
The latest NASS Grain Crushing report indicates that 471.78 million bushels of corn were used for ethanol in May, the highest volume since 2015, reflecting a 9.7% rise from April and a 6.16% increase year-over-year. Year-to-date shipments are at 4.127 billion bushels, up 1.34% or 55 million bushels from the same period last year.
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