Corn futures pulled off early session good points, however nonetheless closed the Thursday session with 2 to 4 cent good points. September was up 8 ¾ cents this week, with December seeing a dime achieve. The entrance month CmdtyView nationwide common Money Corn value was up 2 1/4 cents at $4.06 3/4. The market can be closed on Friday for Independence Day, with a standard Sunday night time open. 

President Trump is anticipated to ship a speech Iowa this night, with some pondering it might contain commerce matters. 

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A personal export sale of 156,000 MT of corn was offered to unknown locations for 2024/25 this morning in accordance with USDA.

Rains are anticipated to cowl a lot of the Western Corn Belt within the subsequent week, with 1 to 2 inches anticipated. Lighter totals reaching an inch or much less are seen within the ECB.

USDA’s Export Gross sales report from this morning confirmed 532,745 MT of previous crop corn booked within the week ending on June 26, on the low facet of merchants on the lookout for between 0.4 and 1 MMT. That was a advertising and marketing yr low, however continues to be 49.2% above the identical week in 2024. The most important purchaser was South Korea at 273,700 MT, with 157,100 MT offered to Mexico. New crop gross sales totaled 940,159 MT, exceeding the anticipated vary of 500,000 to 900,000 MT. That was a advertising and marketing yr excessive and takes ahead gross sales to 4.5 MMT, 28.6% above final yr at the moment. Mexico was the lead purchaser of 435,700 MT, with 242,700 MT offered to Japan. 

Month-to-month export information from Census confirmed 7.29 MMT (287 mbu) of corn exported in Could, which was up 22.14% from final yr however down 6.4% beneath April. That introduced the third quarter complete to 882 mbu, with the total yr complete at 2.09 billion bushels. Distiller exports had been up 2.67% from April at 918,108 MT, which was nonetheless 9.31% beneath final yr. Ethanol exports had been a report for the months at 184.67 million gallons.  

Jul 25 Corn  closed at $4.31 1/2, up 2 1/4 cents,

Close by Money  was $4.06 3/4, up 2 1/4 cents,

Sep 25 Corn  closed at $4.20 1/4, up 2 1/4 cents,

Dec 25 Corn  closed at $4.37, up 3 1/2 cents,

New Crop Money  was $3.95 1/1, up 2 3/4 cents,

On the date of publication,

right here.

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