Corn Prices Decline Midday as Export Sales Data Released
On Thursday, corn futures are declining by 2 to 3 cents at midday. The CmdtyView national average Cash Corn price has dropped 2¾ cents to $4.82¼. Recent export sales data showed old crop corn bookings of 31,220 MT for the week ending August 20, which is within estimates but marked a marketing year low. New crop bookings reached 1.066 MMT, aligning with expectations and setting a marketing year high. The market reaction reflects mixed signals from export data—old crop sales were below anticipated ranges while new crop figures exceeded lower bounds. Prices for nearby contracts like December 2026 corn are down by 2½ cents to $5.34, and March 2027 is at $5.47½ after a drop of 3¼ cents.
Topics: corn export_sales futures_prices