Corn Futures Rise Amid Market Uncertainty and Tariff Impact
Corn futures increased by 3 to 5 cents in most nearby contracts on Friday. However, new crop December prices are pressured by losses in the soybean market as producers aim to avoid attracting excessive acreage. As of today, the CmdtyView national average cash corn price rose by 4 ¾ cents to $4.33 ½.
In a significant development, China has imposed a retaliatory tariff of 34% on all U.S. goods in response to President Trump’s reciprocal tariffs announced earlier. This escalation in trade tensions could further influence agricultural commodities and corn prices.
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The latest export sales data shows total commitments at 54.235 million metric tons (MMT), marking a 24% increase compared to the previous year. This figure represents 87% of the USDA’s export forecast, while the average pace stands at 88%.
May 25 Corn is priced at $4.62 ¼, reflecting an increase of 4 ¾ cents.
Nearby Cash is currently at $4.33 ½, up 5 ¼ cents.
Jul 25 Corn is quoted at $4.69, up 3 ½ cents.
Dec 25 Corn is at $4.47 ¼, down ¼ cent.
New Crop Cash is listed at $4.11 ¾, up ¾ cent.
On the date of publication, Austin Schroeder did not hold positions (either directly or indirectly) in any of the securities mentioned in this article. All information and data in this article are for informational purposes only. For further information, please refer to the Barchart Disclosure Policy here.
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