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Barchart

Austin Schroeder

Corn Falling on Friday

CmdtyView crude oil Iran Oil United States

Corn futures are trading with 7 to 9 cent losses at Friday’s midday. Crude Oil is the pressure factor, down $2.08/bbl, money is flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran. The CmdtyView national average Cash Corn price is down 8 3/4 cents to $4.08 ½.

USDA Export Sales data from this morning showed 1.015 MMT of corn sold for 2025/26 in the week of May 21, on the low side of trade estimates for 0.9 to 2 MMT. That was down 52.2% from last week but still 10.8% above the same week last year. New crop business was tallied at a marketing year high of 618,594 MT, exceeding expectations of 300,000 to 500,000 MT. Accumulated new crop business is now 2.953 MMT, down just 1.6% from the same period last year.

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