Current Trends in Corn Prices and Export Sales
Overview of Corn Prices
As of Thursday, corn prices are showing a modest increase, reflecting midday gains of up to 1.25 cents. The average cash price for new crop corn across the nation is currently at $3.76 1/2, an uptick of 1.25 cents from previous figures.
Export Sales Developments
The USDA has reported a significant private export sale of corn, amounting to 135,000 metric tons, which is destined for South Korea. This was initially misattributed to China. An additional 284,196 metric tons of corn has been marked for unknown destinations; this includes 83,956 metric tons for the 2024/25 marketing year and 200,240 metric tons for 2025/26.
Analyzing Recent Sales Data
Recent export sales data indicates that a total of 643,060 metric tons of corn for the 2024/25 season were sold during the week ending July 17. This figure is at the top end of the estimated range, which spans from 100,000 to 800,000 metric tons. Compared to the previous week, this sale was significantly higher and nearly double what was reported for the same week last year. Sales for the new crop reached 733,939 metric tons, again exceeding expectations that had set the range between 400,000 and 800,000 metric tons. This is a positive shift from a three-week low seen in prior reports.
South Korean Demand
Another round of import tenders from South Korea has projected estimated purchases of at least 268,000 metric tons of corn, with some of this demand possibly directed towards U.S. corn exports.
Current Market Status
As for specific contract prices, September corn is currently priced at $3.99 3/4, marking an increase of 1.25 cents. The nearby cash price stands at $3.85 1/2, up by 0.75 cents. Looking ahead, December 2025 corn is priced at $4.18 3/4, reflecting an increase of 1.25 cents, while March 2026 corn is currently at $4.36, also up by 1.25 cents. The new crop cash price maintains its position at $3.76 1/2, up by the same margin.
For the latest updates and analytic insights into commodity trends, including corn prices and export data, it’s advisable to stay informed through reliable market analysis platforms.
