Corn Futures Reach Three-Year Highs Amid Wheat Gains
On Wednesday, corn futures surged to three-year highs as contracts closed between 10 to 13.5 cents higher per bushel. The rally was supported by strength in wheat prices and concerns over U.S. crop supply. The CmdtyView national average Cash Corn price rose another 13.5 cents to $4.85, reflecting ongoing upward momentum. Analysts are anticipating the release of Export Sales data on Thursday for insights into sales activity during the week ending August 20. Expectations range from net reductions of 200,000 MT to potential net sales of up to 400,000 MT in the 2025/26 marketing year. New crop bookings are projected between 0.6 and 1.6 million metric tons for that week.
Topics: corn futures_prices wheat