Corn futures are failing to see a lot upward motion following some friendlier USDA knowledge from this morning. Contracts are down 2 to five cents throughout the entrance months at noon. The entrance month CmdtyView nationwide common Money Corn worth is down 2 ¼ cents at $3.83. Late on Thursday, President Trump introduced a 35% tariff on Canadian items excluding USMCA compliant merchandise beginning on August 1,

Rains are within the forecast for the following week within the Central Corn Belt, with the northern a part of the ECB practically 1 inch.

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USDA’s steadiness sheets noticed some changes this morning, with the previous crop aspect seeing a 75 mbu drop to feed and residual, however a 100 mbu improve to exports. That took the carryout for 2024/25 to 1.35 bbu, 25 mbu decrease. That translated to the brand new crop aspect, with manufacturing down 115 mbu to fifteen.705 bbu on the decrease acreage complete, with that yield left at 181 bpa. Feed and residual was additionally trimmed for brand spanking new crop on the tighter provides, with shares down 90 mbu to 1.66 bbu.

USDA additionally raised their Brazilian projection, as anticipated, however to 132 MMT, a 2 MMT improve. World shares for 2025/26 have been tightened with the decrease US quantity, down 3.16 MMT to 272.08 MMT.

Jul 25 Corn is at $4.02 1/2, down 4 3/4 cents,

Close by Money is at $3.83, down 2 1/4 cents,

Sep 25 Corn is at $3.97, down 2 1/4 cents,

Dec 25 Corn is at $4.13 1/2, down 3 cents,

New Crop Money is at $3.73 3/4, down 2 1/2 cents,

On the date of publication,

right here.

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