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Barchart
Barchart
Austin Schroeder

MYSTERIOUS: Corn starting friday with modest gains - What They Never Told You

Corn price action so far on Friday is 1 to 2 cents higher. Futures closed the Thursday session with most contracts ½ to 2 ¾ cents higher. Preliminary open interest suggested a rotation of ownership, up just 783 contracts.  The CmdtyView national average Cash Corn price as up 1 3/4 cents at $4.20.

Export Sales data from Thursday were tallied at 1.316 MMT in the week of 4/16, a 3-week low but still 14.2% above the same week last year. South Korea was the top buyer of 345,700 MT, with 324,200 MT sold to Japan and 233,600 MT to unknown destinations. New crop sales were at 440,110 MT in that week, the second largest for the marketing year. All sales for 2026/27 were to Mexico. 

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