Corn Prices Decline Amid Mixed Export Sales Data
On Thursday, corn futures fell by 1 to 2 cents as market participants reacted to recent export sales data. The CmdtyView national average Cash Corn price dropped 1.5 cents to $4.885 per bushel. In the week ending September 10, U.S. corn exports totaled 1.027 million metric tons (MMT) for the 2026/27 marketing year—within traders' expectations of 0.7–2 MMT but down 16.6% compared to the same period last year. Meanwhile, South Korean importers reportedly purchased 260,000 metric tons (MT) of corn in a recent tender, though no origin was specified. Prices for key futures contracts also declined: December 2026 Corn fell to $5.3275 per bushel; March and May 2027 Corn dropped by 1.75 cents and 2 cents respectively. The decline in corn prices reflects a combination of weaker-than-previous-year export demand, stable but lower-than-expected sales figures, and global supply dynamics influencing market sentiment.
Tickers: $CORN
Topics: corn export_sales futures_prices