Corn prices are trading 3 to 4 on Friday morning. Futures finished the Thursday session with contracts closing 1 ¼ to 3 ½ cents in the green. That took the bulls’ winning streak to 4 days of admittedly modest gains.  

The Western Corn Belt remains mostly dry for the next week. Rain forecasts in the Eastern part of the Corn Belt have shifted a little further east, with western portions of IL seeing lower totals and coverage expanding in IN and OH. Some 2” plus accumulations may be seen over the next week in TN, KY and southern IN and OH.  NE and IA are looking at ¼ inch or less according to the QPF. 

Weekly Export Sales data showed 331,380 MT of old crop corn sold during the week that ended on July 18. That was on the lower end of the 200,000 to 700,000 MT estimates and a 15-week low. Sales for 2024/25 totaled 745,193 MT, besting the trade thoughts of up to 600,000 MT. Japan was the top buyer of both old and new crop, totaling 370,400 MT in total, with Mexico second for both and totaling 355,800 MT.

Sep 24 Corn  closed at $4.06, up 2 1/4 cents, currently down 4 cents

Nearby Cash  was $3.99 5/8, up 1 3/4 cents,

Dec 24 Corn  closed at $4.20 3/4, up 2 3/4 cents, currently down 3 1/4 cents

Mar 25 Corn  closed at $4.35 1/4, up 3 cents, currently down 3 1/4 cents

New Crop Cash  was $3.84 3/4, up 2 3/4 cents,