Corn Futures Close Lower Amid Mixed Midday Gains
On Wednesday, corn futures closed lower despite midday gains as front-month contracts fell by up to 2¾ cents. Deferred contracts showed mixed performance with some finishing higher. The market saw another 203 deliveries issued against September corn overnight. Cash prices for corn also declined slightly at the national average level. The EIA report revealed a modest drop in ethanol production and an increase in refiner inputs, while stocks were drawn down by 171,000 barrels to reach 25.036 million barrels. Traders are anticipating USDA Export Sales data on Thursday morning with expectations of net cancellations or sales within the range of ±200,000 MT for corn in the 2025/26 season. An Allendale survey estimates U.S. corn yield at 178.7 bushels per acre and production at 15.833 billion bushels. Prices across key contracts fell: September closed at $5.18¾, December at $5.43½, and March 2027 at $5.58¼.
Tickers: $CORN
Topics: corn EIA report futures trading USDA data