Corn futures are trading with gains of 1 to 2 cents across most contracts on Monday’s midday. The CmdtyView national average Cash Corn price is up 1 1/2 cent at $3.71 1/2.

Export Inspections data showed 1.305 MMT (51.39 mbu) of corn shipped during the week that ended on August 21, up 24.12% from the week prior and 38.84% above the same week last year. Mexico was the top destination of 547,624 MT, with 390,300 MT to Japan. Marketing year shipments have totaled 65.526 MMT (2.528 bbu) since September 1, 28.23% larger yr/yr.

After last week’s crop tour showed most states’ yield above last year, ProFarmer pegged the 2025 national yield at 182.7 bpa, with production at 16.204 billion bushels. That is down from 188.8 bpa and 16.742 bbu from USDA’s August Crop Production report. 

CFTC data showed speculators in corn futures and options cutting 31,464 contracts from their net short position as of August 19 to a net short of 144,650 contracts. Commercials added 25,041 contracts to their net short position by Tuesday to 57,745 contracts.

A Taiwan importer tendered for 65,000 MT of wheat overnight, with a Wednesday deadline. AgRural estimates 98% of the 2024/25 second corn crop out of Brazil harvested as of Thursday, with the 2025/26 first corn crop at 3.2% planted.

Sep 25 Corn is at $3.90, up 1 3/4 cents,

Nearby Cash is at $3.71 1/2, up 1 1/2 cents,

Dec 25 Corn is at $4.13 1/4, up 1 3/4 cents,

Mar 26 Corn is at $4.30 1/4, up 1 1/2 cents,

New Crop Cash is at $3.70 3/4, up 2 cents,