Corn futures are trading with 2 to 3 ½ cent gains in the front months on Thursday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.96 1/4.
Export Sales data from this morning showed a total of 2.07 MMT of corn sold in the week of February 5, exceeding estimates of between 0.6-1.1 MMT. That was nearly double the pervious week and 25.5% larger than the same week last year. Sales for 2026/27 were 60,000 MT that week.
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CONAB trimmed their Brazilian corn crop estimate by 0.42 MMT to 138.45 MMT this morning, as the second crop was cut by 1.2 MMT.
Mar 26 Corn is at $4.29 3/4, up 2 1/4 cents,
Nearby Cash is at $3.96 1/4, up 2 1/4 cents,
May 26 Corn is at $4.39 1/2, up 3 cents,
Jul 26 Corn is at $4.47 1/2, up 3 1/4 cents,
