Corn price action is up 2 to 3 cents so far on Thursday morning. Futures posted gains of 5 to 9 cents across the board at the close on Wednesday, getting spillover support from near limit gains in wheat. Open interest was up 7,799 contracts on Wednesday, suggesting new buying. The CmdtyView national average Cash Corn price was 9 cents higher at $4.17 3/4.
USDA’s will release their weekly Export Sales report this morning, with traders looking for between 0.5 and 1 MMT of old crop corn export business in the week of July 9. Sales for 2026/27 are seen in a range of 0.3-1.1 MMT.