Corn futures ended Friday down 2 to 3 cents, with September prices declining 9 cents over the week, closing at $3.99 1/2. The national average new crop cash corn price fell by 2 1/4 cents to $3.77. The upcoming week is expected to bring 1 to 2 inches of rain from the northern Plains to most of the Eastern Corn Belt.
The USDA reported a private export sale of 102,870 MT of corn to Mexico for new crop shipment and another 140,000 MT to South Korea for the 2025/26 period. Weekly export sales showed total corn export commitments at 70.110 MMT, exceeding the USDA’s full-year estimate, with current exports at 60.172 MMT, or 86% of the USDA projection.
