Corn futures closed out the Friday session with contracts down 2 to 3 cents after early back and forth trade. December was down 3 cents this week. The CmdtyView national average Cash Corn price was down 2 1/4 cents at $3.76. The harvest price for crop insurance will be found this month via the average December corn close during October. The average of the first three days is $4.19.
Harvest likely added some pressure, as it rolled along this week with few hiccups due to weather. The next week is looking as spottier totals.
A Ukrainian farm union, UAC estimates the 2025 corn crop at 29 MMT, a 3 MMT increase from last year if realized. Argentina’s corn planting is estimated at 20% according to Buenos Aires Grain Exchange, up from 12% last week.
Dec 25 Corn closed at $4.19, down 2 3/4 cents,
Nearby Cash was $3.76, down 2 1/4 cents,
Mar 26 Corn closed at $4.35 3/4, down 2 1/4 cents,
May 26 Corn closed at $4.45 1/4, down 2 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
