Corn futures are trading with 6 to 7 cent gains so far on Monday morning. The corn market closed out the Friday session with contracts down 1 to 4 ¾ cents. Preliminary open interest was up 1,498 contracts on Friday. December was up just ¾ cent on the week. The CmdtyView national average Cash Corn price was down 4 1/2 cents at $3.83 3/4.
The average December close so far in October, now with just 5 trade days remaining, is $4.20. That compares to last year’s harvest price for crop insurance at $4.16 but is 50 cents below the February price.
US and Chinese negotiators had constructive discussions over the weekend in Malaysia, come out with a framework for President Trump and China’s President Xi to discuss this Thursday. Nothing specific on corn was mentioned, but the two sides coming together is seen as friendly.
Argentina’s corn crop was estimated at 33.8% according to the Buenos Aires Grain Exchange, an increase of 3.9% from the week prior. AgRural estimates the 2025/26 Brazilian first corn crop at 55% planted as of Thursday.
Dec 25 Corn closed at $4.23 1/4, down 4 3/4 cents, currently up 6 1/2 cents
Nearby Cash was $3.83 3/4, down 4 1/2 cents,
Mar 26 Corn closed at $4.37, down 4 1/4 cents, currently up 7 cents
May 26 Corn closed at $4.45 3/4, down 3 1/2 cents, currently up 7 cents
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