Corn Prices Rise Amid Strong Export Shipments
On Monday, corn futures saw a rebound with contracts rising between 14 to 15 cents at midday. The national average Cash Corn price climbed 15 cents to $4.97 per bushel. USDA reported that corn export shipments reached 1.938 million metric tons (MMT) during the week ending September 17, a significant increase of 24.9% compared to the previous week and up by nearly 40% from the same period last year. Japan was the largest destination for U.S. corn exports at 591,923 MT, followed closely by Mexico with 540,979 MT. Marketing year exports for 2026/27 now stand at 4.139 MMT (162.93 mbu), which is up 15.94% compared to the same period last year. Managed money investors also added back 1,671 contracts to their net long position in corn futures and options as of September 15. With attention turning toward an upcoming meeting between U.S. President Trump and Chinese President Xi later this week, there has been no reported activity on potential corn sales to China so far.
Tickers: $CORN