Corn Futures Rebound Tuesday After Initial Weakness
On July 29, corn futures reversed earlier losses to close higher across most contracts. Front-month contracts rose by up to nearly seven cents per bushel, while deferred months saw smaller gains or remained steady. The national average Cash Corn price increased by the same margin at $4.28¼. A USDA report highlighted a private export sale of 197,272 metric tons for shipment in 2026/27 to undisclosed destinations. Crop progress data showed that 78% of U.S. corn was silking as of July 26—four percentage points above the five-year average—but condition ratings declined overall. Brazil's ANEC estimated its July corn exports at 3.3 million metric tons, down slightly from last week but still higher than in 2025. Corn prices for September and December contracts rose by nearly seven cents each.
Tickers: $CORN
Topics: corn crop progress report futures trading USDA export sales