Corn Futures Rally: Prices Jump 3½ Cents on Strong Close, USDA Export Data Smashes Records

Corn Futures Rally: Prices Jump 3½ Cents on Strong Close

USDA Export Data Smashes Records

■Old‑crop corn sales 86.279 MMT – 102% of USDA forecast

■Shipments 73.058 MMT – 87% of projection

■2026/27 sales 6.859 MMT, up 14.5% YoY

CFTC Data: Managed Money Boosts Net Long

■+30,732 contracts added week of July 14

■Net long now 43,391 contracts

South America & Europe Crop Updates

■Brazil 2026/27 corn output seen at 144.96 MMT (+4.59 MMT YoY)

■France corn rating 41% good/excellent (‑6 pp w/w, ‑31 pp y/y)

■Argentina harvest 62% complete (‑18 pp vs last year)

Price Snapshot

■Sep 26 Corn $4.44 ¾ (+3¼¢)

■Nearby Cash $4.13 1/1 (+3¼¢)

■Dec 26 Corn $4.67 ½ (+3½¢)

■Mar 27 Corn $4.83 (+3½¢)

■New Crop Cash $4.17 1/8 (+3¾¢)

NOAA Weather Outlook

■Minimal rain (<0.5 in) over Dakotas, IA, NE, MN, KS

■Eastern Corn Belt expected 1‑2 inches

Expert Insight

Dr. Yaman Ege: Record US export data coupled with weaker crop yields in Brazil and Argentina continues to lend short‑term support to U.S. corn prices. Europe’s low yield rating and South America’s lagging harvest pace tighten supply expectations, keeping the near‑term price bias upward.