Corn price action is showing steady to fractionally lower trade so far on Friday morning. Futures rounded out Thursday trade with contracts down 4 to 6 cents across most contracts. Open interest was up 5,440 contracts on Thursday. The CmdtyView national average Cash Corn price was down 6 3/4 at $4.10 3/4.
USDA’s weekly Export Sales report from Thursday showed just 314,962 MT in sales for the week of 7/9. That was a MY low but still more than triple the same week last year. Japan was the buyer of 137,100 MT, with 135,200 MT to Colombia. Sales for 2026/27 were at 311,222 MT. That was a 6-week low and took the accumulated new crop commitments to 6.859 MMT, 14.5% above the same time last year. Colombia was the top buyer of 132,600 MT, with 87,100 MT sold to Mexico.
