Corn Market Reacts to Tariff Changes with Price Gains

Following the recent concerns about tariffs, corn traders have re-entered the market with renewed optimism. Prices for near contracts have increased by 5 to 8 ½ cents, while December’s new crop is rising by 3 ¼ cents. Currently, the national average Cash Corn price reported by cmdtyView stands at $4.54 1/4, reflecting a 9-cent rise.

This morning, the USDA announced a private export sale of 132,000 metric tons of corn to South Korea.

According to the monthly Grain Crushing report from NASS, December saw a total of 473.179 million bushels of corn used for ethanol production. This figure represents a marginal increase of 0.3% compared to the previous month, but it shows a decrease of 2.28% from the same month last year.

Mar 25 Corn is priced at $4.97 1/4, up 8 1/2 cents.

Nearby Cash is at $4.63 3/4, reflecting an increase of 8 3/4 cents.

May 25 Corn stands at $5.07 1/2, up 7 3/4 cents.

Dec 25 Corn is trading at $4.68 1/2, increasing by 3 1/4 cents.

New Crop Cash is listed at $4.38 1/2, up 3 1/2 cents.

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

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