Corn Market Sees Mixed Movements Amid Varying Export Sales

On Thursday, corn exhibited mixed action. Nearby July futures rose by 1 ¼ cents, while several new crop months declined by 1 to 2 cents. As of this morning, the CmdtyView national average Cash Corn price increased by 1 3/4 cents to $4.35 1/2.

Export Sales Data Released

The morning’s Export Sales report showed corn sales at 1.19 MMT for the week of May 15. This figure fell within expectations of 0.7 to 1.6 MMT. Although sales dropped by 29% from the previous week, they remained 30.7% higher compared to the same period last year. Key buyers included Japan, which imported 370,900 MT, Mexico at 219,300 MT, and Colombia at 153,100 MT. New crop sales were notably higher than expected, totaling 218,371 MT versus forecasts of 50,000 to 500,000 MT. Colombia led with 100,000 MT, followed by Costa Rica at 75,400 MT.

Global Production Insights

According to the International Grains Council, world corn production for the 2025/26 marketing year has increased by 3 MMT, resulting in stocks rising to 284 MMT for that year.

Current Pricing Overview

Jul 25 Corn is currently priced at $4.62 1/4, reflecting an increase of 1 1/4 cents.

Nearby Cash is at $4.35 1/2, up by 1 3/4 cents.

Sep 25 Corn stands at $4.41 1/2, down 1 1/4 cents.

Dec 25 Corn is at $4.53 1/2, showing a decrease of 2 cents.

New Crop Cash is priced at $4.12, down by 1 1/2 cents.

On the date of publication, Austin Schroeder did not hold any positions, either directly or indirectly, in any of the securities mentioned. All information and data in this article is for informational purposes only. For further details, please review the Barchart Disclosure Policy here.

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