Corn Pulls Off Highs, Still Closes Monday with Strength as Ratings Fall

Corn futures faded from the early session highs, but ended the Monday session with gains of 3 to 7 ¾ cents across most contracts. The CmdtyView national average Cash Corn price was up 7 3/4 cents at $4.63.

Weekly Crop Progress data showed 86% of the US corn crop in the dough stage by August 23, with 45% dented and 6% listed as mature. Condition ratings were down 3% this week at 57% in good to excellent condition, as the Brugler500 index was down 5 points to 348.

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Monday's Export Inspections report showed corn shipments at 1.296 MMT (51.03 mbu) in the week of August 20. That was down 33.32% from the week prior and 3.16% below the same week last year. Mexico was the largest destination of 387,748 MT, with 306,842 MT shipped to Japan and 101,360 MT to Colombia. The marketing year total is now 82.28 MMT (3.239 bbu) of corn exports, which is now 25.51% ahead of the same period last year with just over a week left in the marketing year.

Following last week's Crop Tour, Pro Farmer estimates the US national yield at 173.2 pba, with production at 15.344 bbu.

Agrural estimates the 2025/26 second corn crop at 92% harvested as of Thursday, still lagging the 98% average. The first corn crop for 2026/27 was estimated at 2% planted, slipping behind the 3.2% pace from last year.

Sep 26 Corn closed at $4.91 1/2, up 7 3/4 cents,

Nearby Cash was $4.63 1/1, up 7 3/4 cents,

Dec 26 Corn closed at $5.15 1/2, up 7 cents,

Mar 27 Corn closed at $5.30 1/4, up 6 3/4 cents,

New Crop Cash was $4.66 3/8, up 7 1/2 cents,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com