Corn Prices Decline Amid Reduced Export Sales
On Thursday, corn futures fell between 1 to 4¾ cents per bushel. The CmdtyView national average Cash Corn price dropped by 3¾ cents to $4.85¼. Crude oil prices also declined by $1.34 on the day, adding downward pressure on agricultural commodities. Export sales for the week ending September 10 totaled 1.027 million metric tons (MMT) under the 2026/27 marketing year, a decrease of 16.6% compared to the same period last year. Mexico was the largest buyer with 626,000 MT, followed by Japan at 150,200 MT. Additionally, South Korean importers purchased 260,000 MT in a tender overnight, though no origin countries were disclosed. December 26 corn closed at $5.30½ per bushel, March 27 at $5.44½, and May 27 at $5.50¾ — all down between 3¾ to 4½ cents.
Topics: corn export_sales futures_prices