Corn futures ended Monday with prices slightly lower, closing at $4.38 1/4 for September, down ¾ cent from the previous session. The national average cash corn price decreased by ½ cent to $4.08. A USDA report announced a private export sale of 105,000 metric tons of corn for the 2026/27 marketing year.
As of August 9, 94% of the U.S. corn crop was silking and 61% in the dough stage, which is 6 percentage points ahead of the five-year average. Corn shipments for the week of August 6 totaled 1.74 million metric tons, an increase of 14.29% from the same week last year but down 7.83% from the previous week. Mexico received the largest share at 422,988 metric tons, while total corn exports for the marketing year reached 79.02 million metric tons, 25% higher than the previous year.
Ahead of the August Crop Production report, analysts expect a yield of 182.4 bushels per acre, with total production estimated at 15.934 billion bushels. Brazil’s second corn crop harvest is currently at 79% in the center-south region, lagging behind last year’s pace of 88%.
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