Corn futures prices increased on Tuesday, with contracts rising by 1½ to 3 cents per bushel. The national average cash corn price reached $4.18½ per bushel, up 2¼ cents. The USDA reported two private sales for the 2025/26 season, totaling 295,000 metric tons, with 100,000 MT sold to Colombia and 195,000 MT sold to undisclosed destinations.
As of Sunday, the USDA’s NASS Crop Progress report revealed that 11% of the U.S. corn crop has been planted, exceeding the 5-year average of 9%. While Iowa is lagging behind with only 2% planted compared to the average of 8%, the three main states in the Eastern Corn Belt surpassed normal planting rates. Additionally, the crop is 4% emerged, which is 2 percentage points ahead of the typical pace. In Argentina, the USDA’s Attaché raised the country’s corn production forecast to 60 million metric tons, significantly above the official USDA estimate of 52 million metric tons.
