Corn futures are experiencing gains of 2 to 3 cents as of midday Tuesday, with the national average cash corn price rising 2 1/4 cents to $4.18 1/2 per bushel. The USDA reported private sales of 100,000 MT of corn to Colombia and 195,000 MT to unspecified destinations for the 2025/26 period.
As of Sunday, the USDA’s NASS Crop Progress report indicates that 11% of the U.S. corn crop is planted, surpassing the five-year average of 9%. Some states in the Eastern Corn Belt are progressing well beyond normal, while Iowa is lagging with just 2% planted compared to an average of 8%. Additionally, 4% of the crop is emerged, which is 2 percentage points faster than normal.
Argentina’s USDA Attaché has increased the country’s corn production outlook to 60 MMT, significantly above the official USDA estimate of 52 MMT.
