Corn Prices Dip Amid International Crop Updates

Market Trends Show Mixed Signals for Corn Futures

Corn prices are falling once again as trading continues on Thursday morning, showing losses of 1 to 2 cents. On Wednesday, corn traders attempted to maintain support despite downward pressure from a weaker wheat market and a stronger U.S. dollar. Contracts fell between 1 ½ and 3 ¾ cents that day. Open interest climbed by 41,278 contracts across the board, except for December, which saw a decrease of 39,485 contracts. According to cmdtyView, the national average cash corn price dropped 1 ¾ cents to $4.02 ¾ per bushel.

It is important to note that EIA data will be postponed until Thursday morning due to a federal holiday earlier in the week.

Global Crop Estimates Show Variability

In Brazil, CONAB has slightly increased their 2024/25 corn crop estimate by 0.07 million metric tons (MMT) to 119.81 MMT in this month’s update.

Conversely, Argentina’s Rosario Grain Exchange has revised down its corn crop estimate to a range of 50 to 51 MMT, down 1 MMT from a prior estimate.

Corn Futures Prices as of Recent Trading

For December 2024, corn closed at $4.26 ½, reflecting a decline of 2 cents. Currently, it is trading down 1 ¼ cents.

The nearby cash market recorded $4.02 ¾, lower by 1 ¾ cents.

Meanwhile, March 2025 corn settled at $4.37 ½, down 2 ¾ cents, and currently shows a further decrease of 1 ¼ cents.

May 2025 corn closed at $4.44 ¼, down 3 cents, with a current drop of 1 cent.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) positions in any securities mentioned in this article. All information and data herein are for informational purposes only. For more details, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.