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Barchart
Barchart
Austin Schroeder

UNCOVERED: Corn weakness continuing on thursday morning - The Untold Story

Ethanol

Corn price action is down 2 to 3 cents early on Thursday. Futures continued the recent slide to new lows for the move on Wednesday, down 5 to 9 cents in most contracts. July closed in on the contract low, with the December contract hitting the lowest price since February. Open interest was up 6,505 contracts on Wednesday, with 14,650 contracts rolling out of July. The CmdtyView national average Cash Corn price was down 7 1/2 cents at $3.97.

USDA reported a private export sale of 136,000 MT of corn to South Korea on Wednesday morning for 2026/27 shipment. Ahead of the weekly Export Sales report on Thursday traders are looking for old crop business of 0.9-1.5 MMT, with new crop seen in a range of 100,000 to 600,000 MT

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