Corn futures are facing some Turnaround Tuesday weakness, with contracts down 2 to 3 ¼ cents so far at midday. The CmdtyView national average Cash Corn price is down 3 cents so far at $3.78 1/2.
With less than 2 weeks left for the harvest price discovery for crop insurance, the average close has been $4.19 for December corn futures.
A South Korean importer purchased a total of 67,000 MT of corn in a tender overnight.
Brazil corn exports in October are estimated at 6.57 MMT according to ANEC, a 0.11 MMT increase from their prior number. Datagro estimates the Brazilian corn ethanol production to grow between 3-3.5 billion liters (792-925 million gallons) in 2026/27. Imports of ethanol are expected to increase in 2025/26.
Dec 25 Corn is at $4.20, down 3 1/4 cents,
Nearby Cash is at $3.78 1/2, down 3 cents,
Mar 26 Corn is at $4.34 1/4, down 2 3/4 cents,
May 26 Corn is at $4.42 1/2, down 2 3/4 cents,
