On Tuesday, corn futures prices increased by 1½ to 3 cents, closing with May contracts at $4.53¾ and July contracts at $4.62. The CmdtyView national average cash corn price rose by 2¼ cents to $4.18½. Preliminary open interest decreased by 3,986 contracts, primarily from May, which has an expiration date this Friday.
The USDA reported two private corn sales totaling 295,000 metric tons for the 2025/26 season, with 100,000 MT sold to Colombia and 195,000 MT to unknown destinations. As of Sunday, 11% of the U.S. corn crop has been planted, surpassing the 5-year average of 9%. Meanwhile, Argentina’s corn production forecast was adjusted upward to 60 million metric tons, significantly higher than the USDA’s estimate of 52 million metric tons.
