Corn Prices Climbing Ahead of the Weekend
Corn Market Update: Prices Edge Higher
By midday Friday, corn futures had climbed by 5 to 6 cents. The CmdtyView national average cash corn price reached $3.89 1/2, marking a 6-cent increase.
Markets will be closed on Monday in observance of Martin Luther King Jr. Day, with trading resuming on Monday evening.
Latest Headlines from Barchart
This morning, the USDA announced private export sales totaling 298,000 metric tons of corn to undisclosed destinations, including 120,000 metric tons destined for Japan.
According to USDA Export Sales data as of January 8, corn commitments (both shipped and unshipped) stand at 52.035 million metric tons, which is 29% higher than the same period last year. This figure represents 64% of the USDA’s annual projection, outpacing the typical 62% sales rate. Meanwhile, FAS shipment data shows 28.97 million metric tons shipped, accounting for 36% of the USDA’s target, compared to the average shipping pace of 26%.
Overnight, South Korean buyers secured 130,000 metric tons of corn through private deals.
Current Corn Prices
- March 2026 Corn: $4.26 1/4, up 6 cents
- Nearby Cash: $3.89 1/2, up 6 cents
- May 2026 Corn: $4.33 1/4, up 5 1/2 cents
- July 2026 Corn: $4.39, up 5 cents
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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