Corn futures are trading with fractionally lower action at Thursday’s midday. The CmdtyView national average Cash Corn price is down 1/2 cent at $4.18 3/4.
Export Sales data from Thursday were tallied at 1.316 MMT in the week of 4/16, in the middle of trade estimate of 1-1.8 MMT for old crop. That was a 3-week low, but still 14.2% above the same week last year. New crop sales were at 440,110 MT, above the estimated range of 0 to 250,000 MT.
South Korean importers purchased a total of 134,000 MT of corn in a private deal overnight.
International Grains Council data world corn production down 3 MMT from last month, with ending stocks for 2026/27 dropping 2 MMT to 292 MMT.
May 26 Corn is at $4.53 1/2, down 3/4 cent,
Nearby Cash is at $4.18 3/4, down 1/2 cent,
Jul 26 Corn is at $4.62 1/2, down 1/4 cent,
Dec 26 Corn is at $4.82 1/4, unch,
New Crop Cash is at $4.39, down 1/4 cent,
