Corn futures are experiencing gains of 4 to 5 cents on Monday, with the CmdtyView national average cash corn price rising by 4.75 cents to $4.15. The USDA reported a private export sale of 145,000 metric tons (MT) of corn to unknown destinations.
During the week ending March 26, USDA’s FGIS recorded corn export shipments at 1.789 million metric tons (70.45 million bushels), a 5.1% increase from the previous week and 4.14% larger than the same week last year. Mexico was the top destination, receiving 369,416 MT, followed by Japan with 326,353 MT and South Korea with 278,764 MT. For the marketing year 2025/26, total exports stand at 46.37 million MT (1.826 billion bushels), 36.11% higher than the same period last year.
Traders anticipate that the USDA’s March Intentions report on Tuesday will indicate 94.37 million acres of corn planted, a decrease of 4.4 million acres from last year. Grain stocks as of March 1 are expected to total 9.104 billion bushels, up 957 million from the previous year. Brazil’s second crop corn planting is nearly complete, now at 99% as of Thursday, but production estimates have been trimmed to 135.7 million MT.
