Corn Getting Spillover Pressure on Friday

Corn futures trading with Friday losses of 3 to 4 cents at midday. The CmdtyView national average Cash Corn price was down 3 1/2 cents at $4.85 1/4. Pressure is coming from double digit weakness in the beans and wheat, as well as losses in crude oil.

Export Sales data updated on Thursday now has the 2026/27 corn export commitments at 17.4 MMT, which is now down 27% from the same period last year. That is 21% of the USDA export projection and behind the 28% from last year and the 5-year average.

A couple more South Korean importers purchased a total of 130,000 MT of corn in a tender overnight, following 260,000 MT in sales from Thursday.

Dec 26 Corn is at $5.27, down 3 1/2 cents

Nearby Cash is at $4.82 1/1, down 3 1/2 cents

Mar 27 Corn is at $5.40 3/4, down 3 3/4 cents

May 27 Corn is at $5.47 3/4, down 3 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