Corn futures are displaying 12 to 16 cent losses throughout most contracts on Monday. The entrance month CmdtyView nationwide common Money Corn worth is down 16 cents at $3.90 ¾.
A personal export sale of 135,000 MT (29,000 MT for 2024/25 and 106,000 MT for 2025/26) was reported by the USDA this morning.
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USDA tallied corn export shipments at 1.491 MMT (58.7 mbu) through the week ending on July 3. That was up 7.97% from final week and 45.63% above the identical week final yr. Mexico was the most important purchaser of 654,044 MT in that week, with Japan destined for 313,846 MT and 136,068 MT for South Korea. Advertising yr exports have totaled 56.446 MMT (2.222 bbu), which is 29.69% above the identical interval final yr.
President Trump’s Iowa speech from final week lacked a lot information from a commerce perspective, following chatter that there could also be one thing introduced. Early on Monday, experiences indicated Indonesia has agreed to a $34 billion commerce take care of the US together with, corn soybean, and power merchandise.
Rains of half to an inch are anticipated over a lot of the Corn Belt this subsequent week, with some localized totals within the 2-inch vary. Lighter totals are forecast in northern elements of IN and OH, in addition to a lot of MI, with the western portion of the northern Plains seeing little precip.
AgRural estimates the Brazilian second corn crop at 28% harvested. Brazilian corn exports totaled 369,533 MMT in June in keeping with commerce ministry knowledge, down from the 850,892 MMT in 2024.
Jul 25 Corn is at $4.18 1/4, down 13 1/4 cents,
Close by Money is at $3.90 3/4, down 16 cents,
Sep 25 Corn is at $4.04, down 16 1/4 cents,
Dec 25 Corn is at $4.21 1/4, down 15 3/4 cents,
New Crop Money is at $3.79 3/4, down 16 cents,
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions.
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