Corn Market Sees Gains Fueled by Wheat Rally

Export Inspections Show Significant Increase

The corn market experienced gains on Monday, with nearby contracts rising by 3 to 5 ¼ cents while the 2025 crop contracts showed mixed results. The surge was influenced by a notable rally in the wheat market that provided extra support for corn prices. According to cmdtyView, the national average Cash Corn price increased by 5 1/2 cents, reaching $4.05 1/2 per bushel.

Weekly Shipment Data Highlights Robust Exports

Export Inspections data from the FGIS indicated that 820,608 MT (32.306 million bushels) of corn were shipped during the week of November 14. This marks a 2.93% increase from the previous week and a 36.52% rise compared to the same week last year. Among the shipments, Mexico was the largest recipient at 396,178 MT, followed by Japan with 129,132 MT. Cumulatively, total marketing year shipments have now reached 9.062 MMT (356.77 mbu), reflecting a 31.88% increase from last year and achieving a six-year high for this week.

Brazil’s Planting Progress Outpaces Last Year

In Brazil, the first corn crop is making progress, with 86% planted in the Center-South region as of November 14. This pace surpasses the 80% completion rate from the same time last year.

Current Contract Prices

Dec 24 Corn closed at $4.29 1/4, up 5 1/4 cents.

Nearby Cash was $4.05 1/2, up 5 1/2 cents.

Mar 25 Corn closed at $4.39 3/4, up 4 1/2 cents.

May 25 Corn closed at $4.46 3/4, up 4 cents.

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.