Corn futures experienced declines on Thursday, June 15, with most contracts falling between 3.5 to 5.75 cents, while July futures gained 4.75 cents. The national average cash corn price decreased by 3.5 cents to $3.86 1/2. Additionally, the USDA reported a private export sale of 285,775 metric tons (MT) of corn to Mexico for new crop shipments.
In the weekly USDA Export Sales report, a total of 1.157 million MT of corn was sold during the week of June 11, marking a four-week high for the 2025/26 marketing year and a 28% increase compared to the same week last year. Spain was the largest buyer with 262,900 MT, followed by Mexico at 259,800 MT and Japan at 249,900 MT. New crop commitments have reached 4.643 million MT, up 41.2% from the previous year.
The NOAA 7-day forecast indicates substantial precipitation in the Western Corn Belt, with rain expected in Nebraska and Kansas this weekend, spreading to Iowa and Missouri.
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