Corn futures closed with small gains on Wednesday, with the front month prices rising by up to 2 cents. The national average cash corn price increased by 0.5 cents to $3.62. Meanwhile, the USDA reported private export sales totaling 125,741 metric tons (MT) of corn to Mexico and 100,000 MT to Colombia for the 2025/26 crop year.
Day 2 of the annual ProFarmer tour revealed Nebraska’s yield estimate at 179.5 bushels per acre (bpa), a 6.25 bpa increase from the previous year, while Indiana’s yield was estimated at 193.82 bpa, up 6.28 bpa from last year’s tour total. Additionally, EIA data showed ethanol production at 1.072 million barrels per day for the week of August 15, a drop of 21,000 bpd, with ethanol stocks rising to 22.688 million barrels.
The Buenos Aires Grains Exchange predicts a 9.6% increase in Argentina’s corn acreage for the 2025/26 crop, reaching 7.8 million hectares (19.27 million acres).
