Corn bulls were in rally mode on Wednesday, with contracts 7 to 8 cents higher ahead of the Thanksgiving break. Friday is first notice day for December futures. The CmdtyView national average Cash Corn price closed the day at $4.04. The market will be closed on Thursday for Thanksgiving, with a hard open at 8:30 CST on Friday and an early close.
USDA’s catchup continues on Friday, with the Export Sales report for the week ending on October 16 released that morning. 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.
