Corn futures exhibited varied performance on Thursday, with the nearby July contract rising by 2 cents, while other contracts declined between 1 to 3 cents. The front-month CmdtyView national average cash corn price increased by 2.5 cents to settle at $4.36 1/4.

Export Sales Insights

This morning’s Export Sales report revealed corn sales of 1.19 million metric tons (MMT) for the week of May 15. This figure fell between expectations of 0.7 to 1.6 MMT. While down 29% from the previous week, it still marked a rise of 30.7% compared to the same week last year. Japan led purchases with 370,900 MT, followed by Mexico with 219,300 MT, and Colombia, which bought 153,100 MT. New crop sales reached 218,371 MT, exceeding forecasts of 50,000 MT to 500,000 MT. Notably, Colombia was the top buyer of new crop with 100,000 MT, while Costa Rica secured 75,400 MT.

Production and Stock Data

According to the International Grains Council, global corn production for the 2025/26 marketing year is projected to rise by 3 MMT. Consequently, stocks for that marketing year are expected to increase by the same amount, reaching 284 MMT.

Market Closing Prices

Jul 25 Corn closed at $4.63, up 2 cents.

Nearby Cash was recorded at $4.36 1/4, an increase of 2 1/2 cents.

Sep 25 Corn closed at $4.41, down 1 3/4 cents.

Dec 25 Corn settled at $4.53 1/4, a decrease of 2 1/4 cents.

New Crop Cash was priced at $4.12 5/8, down 2 cents.

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

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