Corn futures are mixed on Thursday, with front months steady to 2 1/4 cents higher and deferreds down as much as 1 ½ cents. There were 262 delivery notices against July corn overnight. The CmdtyView national average Cash Corn price is ½ cent higher at $3.93 3/4. The market will observe the July 4th Independence Day Holiday on Friday, for a 3-day weekend. Sunday night will be a normal open.
Export Sales data was released this morning showing a total of 732,070 MT of old crop corn sales in the week of 6/25, falling in the middle of the 0.5 to 1.1 MMT trade estimates. That was a slight drop from last week and 37.4% larger than the same week last year. New crop business was tallied at 767,756 MT, within expectations of 0.4 to 1.1 MMT. That was a 3-week high and 18.3% below the same week last year. Accumulated 2026/27 sales are now 6.147 MMT, which is 35.6% above a year ago.
