Corn price action is down 1 to 2 cents early on Thursday. Futures closed down a penny to 5 ¾ cents across most contracts at the Wednesday close, as pressure continues. The front months took the brunt of the hit. Open interest dropped 12,845 in the September contracts as some rolls were beginning, with the rest of the board up 15,476 contracts, implying new selling interest. The CmdtyView national average Cash Corn price was down 5 1/2 cents at $4.07.
Export Sales data from USDA will be out shortly, with traders looking for 200,000 to 600,000 MT of old crop corn sales in the week ending on July 30. Sales for 2026/27 are seen at 0.7-1.2 MMT
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