Corn Market Reports Modest Gains Ahead of Holiday Break

USDA Confirms Corn Export Sales While Weekly Shipments Drop

The corn market concluded Monday with stable gains of up to 1 ¾ cents. The national average Cash Corn price reported by cmdtyView increased by 1 ½ cents to reach $4.18 1/2. It’s worth noting that markets will have shortened hours on Tuesday and will be closed all day Wednesday in observance of Christmas.

This morning, the USDA announced a private export sale of 132,000 metric tons of corn earmarked for 2024/25 shipments to unknown destinations.

The weekly Export Inspections report revealed that a total of 1.123 million metric tons (44.21 million bushels) of corn was shipped during the week ending December 19. This figure represents an 8.51% decrease compared to the same week last year and is also down 1.66% from the previous week. Notably, 319,352 metric tons were shipped to Japan, while Mexico received 265,876 metric tons. Year-to-date shipments since September 1 have totaled 14.436 million metric tons (568.3 million bushels), marking an impressive 26.84% increase from the same period last marketing year.

Mar 25 Corn closed at $4.47 3/4, reflecting a gain of 1 ½ cents.

Nearby Cash was priced at $4.18 1/2, also up by 1 ½ cents.

May 25 Corn ended at $4.53 1/2, seeing an increase of 1 ¾ cents.

Jul 25 Corn closed at $4.55 3/4, with a rise of 1 ¼ cents.

On the date of publication, Austin Schroeder did not hold (either directly or indirectly) any positions in the securities mentioned in this article. All information and data presented in this article are intended solely for informational purposes. For more information, please review the Barchart Disclosure Policy
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The views and opinions expressed herein are those of the author and do not necessarily reflect the views of Nasdaq, Inc.