Corn Watch: Export Demand, Weather Risks, and Your Next Move
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Corn Watch: Export Demand, Weather Risks, and Your Next Move
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About this listen
This is your Daily Corn Price Tracker with Vanessa Clark podcast.
Hello and welcome to Daily Corn Price Tracker, your essential update on the corn market. I’m Vanessa Clark, checking in on Friday, October thirty-first, with a fresh look at today’s corn prices, the latest news, and some practical takeaways that could help you stay ahead.
If you’ve been watching corn futures, you’ll notice prices are holding relatively firm. December corn settled at four dollars and thirty-one and a half cents per bushel, up about one cent on the day, and the national average cash corn price has nudged up to three dollars and ninety-one and a quarter cents. These levels put corn at a one-month high, reflecting decent demand and tightening supply in global markets.
A big factor this week has been robust export activity. The United States has seen strong corn shipments, especially to countries like South Korea and Mexico, suggesting that export demand is absorbing a good portion of recent farm deliveries. Ethanol production remains healthy, which continues to support domestic consumption.
But it’s not all smooth sailing. Global corn inventories are thin, and South America is dealing with adverse weather, particularly dryness in central Brazil and parts of Argentina, threatening future crop flows. These conditions make the market more sensitive to weather reports and shipment data, especially with some official U.S. data releases on hold due to the ongoing government shutdown. If lawmakers reach an agreement to reopen, analysts predict it could spark more price movement thanks to new fundamental data coming in.
Field progress in the Midwest is advancing well as harvest winds down, with warmer-than-normal temperatures expected next week. Cash bids have held steady but are somewhat weaker than usual in certain hubs. For example, bids in Garden City Kansas track about thirty to forty cents lower than typical levels for this time of year. Yet, new crop bids for next year are already at around four dollars sixty-five cents in the region, hinting at optimism for 2026.
So what does all this mean for producers and buyers? If you’re marketing corn, it’s wise to watch basis trends and export reports closely. With export demand steady and harvest wrapping up, commercial hedge selling may back off soon, potentially supporting prices. If you’re managing sales, market experts generally advise being fully priced on your current crop and starting to price your expected production for next year.
A quick actionable tip: keep an eye on weather updates from South America and any news on the U.S. government data releases. Both can quickly swing prices up or down, affecting both local bids and futures.
That’s all for today’s Daily Corn Price Tracker. Thanks for joining me, Vanessa Clark, for your daily dose of corn market news. If you found this episode helpful, make sure to subscribe and tune in next time for another fresh update and practical advice. Stay informed, stay ahead, and have a wonderful day!
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