Corn Holds Steady at $4.08
US corn futures remain unchanged as USDA reports 105,000 MT export sale to unknown destinations for 2026/27 shipment
Corn futures held within a penny of unchanged on Monday, with the CmdtyView national average Cash Corn price down ½ cent at $4.08. The USDA reported a private export sale of 105,000 MT of corn to unknown destinations for 2026/27 shipment.
The US corn crop is progressing ahead of schedule, with 94% of the crop silking by August 9, and 61% in the dough stage, 6 percentage points ahead of normal. The crop condition ratings were steady at 61% in good to excellent condition, with the Brugler500 index also unchanged at 356.
The marketing year total for corn exports is now 79.02 MMT (3.11 bbu), which is 25.0% ahead of the same period last year, with less than a month left in the marketing year. A Reuters survey of analysts shows expected yield at 182.4 bushels per acre, with a range of 180.5 to 184.8 bpa.
Production is estimated at 15.934 bbu, as harvested acres are expected to be trimmed by 76,000 acres. Ending stocks are seen at 1.999 bbu for old crop, down 21 mbu from last month, while new crop stocks are expected to be down 65 mbu to 1.725 bbu.
## Why it matters The steady corn prices and strong export sales are a positive sign for US farmers, who have been dealing with the impact of trade policies and weather conditions on their crops. The progress of the US corn crop and the expected yield will be closely watched in the coming weeks, as it will have a significant impact on the global corn market.
The corn market is also being influenced by the progress of other crops, such as soybeans, which saw a private export sale of 136,000 MT to China on Tuesday. The USDA's weekly Crop Progress report showed 93% of the US soybean crop blooming by August 9, with 74% setting pods and 5 percentage points faster than the 5-year average.
## What happens next The USDA's August Crop Production report, due out next Wednesday, will provide further insight into the US corn and soybean crops, and is expected to have a significant impact on the markets. The report will include updated estimates of yield, production, and ending stocks, and will be closely watched by farmers, traders, and analysts.
