Corn prices experienced mixed trading on Friday morning, with nearby December futures up ¼ cent to $4.13 1/4, while other front months registered fractional losses. The national average cash corn price fell by 2 1/4 cents to $3.80 3/4 per bushel.
The USDA reported a private export sale of 115,000 metric tons of corn to Mexico, alongside the Export Sales report that detailed only 535,056 metric tons in 2024/25 bookings for the week ending September 19—significantly lower than the estimated 600,000 to 1.3 million metric tons, and down 37% from the same week last year. Colombia emerged as the largest buyer with 168,200 metric tons, and Mexico followed with 160,700 metric tons. Cumulative export commitments have reached 14.744 million metric tons, a 17% increase year-over-year, but remain behind the average sales pace for exports. Additionally, Algeria recently purchased a total of 240,000 metric tons of corn in a tender, potentially sourced from Argentina or Brazil.
