Corn futures are showing 2 to 4 ¼ cent losses so far on Thursday. There were 88 deliveries issued against July futures overnight. The CmdtyView national average Cash Corn price is 3 3/4 cents lower at $4.00 1/4.
USDA’s Export Sales report from this morning showed a total of 565,810 MT of old crop corn bookings in the week of 7/2, falling shy of trade ideas looking for old crop business to total between 0.6-1.1 MMT. That was the second lowest total for the marketing year and down 55.2% from the same week last year. New crop sales were also shy of the expected 600,000 and 900,000 MT at 401,667 MT. That was down 44.8% from the same week last year. Accumulated sales of 6.55 MMT for 2026/27 are still 20.8% above last year.
