Corn Prices Rise as Export Inspections Show Strong Demand
Corn is experiencing modest gains on Tuesday morning, following a positive performance on Monday. Most contracts rose by 3 to 5 ¼ cents, while the 2025 crop showed mixed results. The upward movement in corn prices received a boost from an impressive rebound in the wheat market. According to cmdtyView, the national average cash corn price was up 5 1/2 cents, now standing at $4.05 1/2 per bushel.
Sharp Increase in Export Inspections Boosts Market Confidence
Recent data from the FGIS indicated that 820,608 metric tons (32.306 million bushels) of corn were exported during the week of November 14. This figure represents an increase of 2.93% over the previous week and a significant 36.52% rise compared to the same week last year. Notably, Mexico was the largest recipient, importing 396,178 MT, while Japan received 129,132 MT. Cumulatively, total shipments for the marketing year have reached 9.062 million metric tons (356.77 million bushels), marking a 31.88% increase from last year’s figures and setting a six-year high for this time of year.
Brazil’s Crop Planting Ahead of Schedule
In Brazil, the first corn crop is progressing well, with 86% planted as of November 14 in the Center-South region. This pace surpasses last year’s 80% completion rate at the same time.
Current Corn Prices
For contract details:
- Dec 24 Corn closed at $4.29 1/4, up 5 1/4 cents, with a current rise of 3/4 cent.
- Nearby Cash was $4.05 1/2, up 5 1/2 cents.
- Mar 25 Corn closed at $4.39 3/4, gain of 4 1/2 cents, currently up 1/2 cent.
- May 25 Corn closed at $4.46 3/4, up 4 cents, currently up 1/2 cent.
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