Corn futures are posting losses of 5 to 6.5 cents across most front months heading into a shortened trading week due to the Juneteenth holiday.
The CmdtyView national average Cash Corn price fell 5.5 cents to $3.84.5, reflecting broad selling pressure across the complex on Thursday.
Markets will close Friday in observance of Juneteenth, making Thursday’s session the final opportunity for traders to adjust positions before the long weekend.
The USDA reported a daily private export sale of 285,775 metric tons of corn to Mexico for new crop shipment, providing some underlying demand support.
The weekly USDA Export Sales report showed 1.157 million metric tons of 2025/26 corn sold in the week ending June 11, landing within the 0.7 to 1.4 MMT trade estimate range.
That figure represented a four-week high for the 2025/26 marketing year and came in 28% above the same week in the prior year, signaling firm international appetite for American corn.
New crop business was recorded at 519,035 metric tons, sitting on the lower end of trade expectations that ranged from 0.4 to 1.2 MMT.
Total new crop commitments reached 4.643 MMT, a figure that stands 41.2% above the same period last year, reflecting strong forward buying interest from global importers.
Weather is also a factor in the near-term outlook, with NOAA’s 7-day forecast calling for heavy precipitation across the Western Corn Belt, including weekend rains in Nebraska and Kansas spilling into Iowa and Missouri.
Additional rainfall is expected along the I-states corridor through Ohio late this weekend and into early next week, which could influence crop development assessments in the days ahead.
July 2026 corn settled at $4.15.5, down 5.5 cents, while September 2026 corn moved to $4.23.5, a decline of 6 cents on the session.
December 2026 corn, a closely watched benchmark for new crop pricing, fell 6.5 cents to $4.42.25, with new crop cash prices slipping 6 cents to $3.97.25.
