Corn futures posted gains of 1 ¼ to 3 ½ cents across the board on Monday. September futures expired up 1 ¾ cents at $5.12. The CmdtyView national average Cash Corn price was up 3 1/4 cents at $4.87.
The weekly Crop Progress report tallied 86% of the US corn crop dented as of September 13, with 42% listed as mature and harvest at 8% complete. Condition ratings were back up 1 percentage point this week at 57% in good to excellent condition, as the Brugler500 index held steady at 347.
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Monday morning’s Export Inspections report showed corn shipments at 1.525 MMT (60.06 mbu) in the week of September 10. That was down 8.91% from the week prior and 0.54% shy of the same week last year. Mexico was the largest destination of 478,113 MT, with 275,525 MT shipped to South Korea and 207,502 MT to Japan. Marketing year shipments are 2.174 MMT (85.57 mbu) through the first 10 days of the new MY and just 0.46% below the same time for 2025/26.
Brazil’s 2026/27 first corn crop was tallied at 22% planted as of Thursday, ahead of the 17% pace from last year. APK-Inform estimates the Ukrainian corn crop at 32.3 MMT for 2026/27, which was a 2.5 MMT increase from their previous number. They also estimate corn exports for the marketing year at 22 MMT.
Dec 26 Corn closed at $5.33 1/4, up 3 cents,
Nearby Cash was $4.87 1/1, up 3 1/4 cents,
Mar 27 Corn closed at $5.48, up 2 1/2 cents,
May 27 Corn closed at $5.55 1/4, up 2 1/4 cents,
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