Corn price action is down 1 to 2 cents early on Thursday. Futures were down 2 ¾ to 7 ¾ cents across most contracts on Wednesday, led by the front months. Open interest suggested a rotation of ownership, up just 47 contracts. The CmdtyView national average Cash Corn price was down 7 1/2 cents at $4.84. Traders were taking some risk off ahead of the meeting between US and Chinese leaders on Thursday.
USDA reported a private export sale of 100,000 MT of 2026/27 corn to Mexico on Wednesday morning. Export Sales data will be out on Thursday, with traders looking for 0.8-1.4 MMT of 2026/27 corn bookings in the week of 9/17.