Corn Firm into the Weekend as Export Business Picks Up

Corn futures posted modest gains on Friday, with contracts up 1 to 3 cents across the board. December saw a 4 cent gain for the week. The CmdtyView national average Cash Corn price was up 4 cents at $4.13 1/4. 

USDA reported a private export sale of 303,800 MT to Mexico, with 272,820 MT for the current marketing year and 30,480 MT for 2027/28. 

Export Sales data from Friday showed a total of 2.88 MMT of 2026/27 corn sold in the week ending on 11/5. That was a marketing year high and 194.2% larger than the same week last year. Mexico was the largest buyer of 1.955 MMT with 307,400 MT to Colombia. Sales for 2027/28 were tallied at 594,360 MT, all to Mexico.

CONAB left their estimate for Brazil corn production at 148 MMT this morning, with first crop left at 32.1 MMT and second crop at 113.3 MMT.

The Argentina corn crop was estimated at 51.2% planted according to the Buenos Aires Grains Exchange, well above the average pace. 

Dec 26 Corn  closed at $4.45 1/2, up 3 cents,

Nearby Cash  was $4.13 1/4, up 4 cents,

Mar 27 Corn  closed at $4.56 3/4, up 2 cents,

May 27 Corn  closed at $4.64, up 1 1/4 cents,

Dec 27 Corn  closed at $4.79 3/4, up 1 1/4 cents,

New Crop Cash  was $4.42 5/8, up 1 1/4 cents,

On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.