The corn market should resume trading following the Thanksgiving holiday at 8:30 am CST this morning. Corn bulls were in rally mode on Wednesday, with contracts 7 to 8 cents higher ahead of the Thanksgiving break. Today is first notice day for December futures, with 80 deliveries issued all by an ADM customer. Wednesday’s preliminary open interest was down 29,413 contracts, with a bulk leaving December (-64,402) ahead of FND and March up 28,596 contracts. The CmdtyView national average Cash Corn price closed the day at $4.04.
USDA’s catchup continues this morning, with the Export Sales report for the week ending on October 16 expected to be out. Analysts are looking for corn bookings to have totaled 1.4-2.5 MMT for the current marketing year and 0.5 to 1 MMT for the next marketing year. USDA’s backlog of daily announcements pegged 1.59 MMT for 2025/26 and 548,640 MT for 2026/27 in that week.
