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Cornering the Market: Your Daily Dose of Grain Gains and Pains

Cornering the Market: Your Daily Dose of Grain Gains and Pains

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This is your Daily Corn Price Tracker with Vanessa Clark podcast.

Hello and welcome to the Daily Corn Price Tracker. I am your host, Vanessa Clark, here with your latest update on corn prices, news, and what you need to know to stay informed in today’s ever-changing grain markets.

Let’s start with the numbers that everyone’s looking for. As of market close Thursday, December corn futures settled at four dollars and thirty and a quarter cents per bushel. That is a drop of about three and three-quarters cents, pulling prices back after a four-month high overnight, according to Pro Farmer. Earlier in the week, markets had been a bit firmer, with prices finishing up two cents on Wednesday, but Thursday’s choppy trading and a strengthening US dollar put pressure on the market.

Cash corn prices in much of the Midwest are holding up, with the national average cash price at just under four dollars, according to data from Barchart and Farm Progress. The reason we’re seeing a little volatility is a mix of market factors. First, there is ongoing uncertainty around yield estimates. Many traders are weighing recent rains that helped replenish some moisture, but there are pockets of hot and dry weather impacting harvest progress, especially in parts of the Corn Belt.

Looking at the global picture, corn imports into the European Union have dropped more than six percent compared to last year, based on new reporting from Farm Futures. This slower demand from one of the world’s top corn importers is making some traders cautious. At the same time, other strong buyers, like South Korea and Mexico, continue to source large shipments from the US, with nearly ten million bushels announced for export this past week.

Here at home, US ethanol production saw a slight dip last week, which can have a subtle effect on corn prices since ethanol remains a major outlet for US grain. According to the Energy Information Administration, production is down by twenty-one thousand barrels per day, while ethanol stocks are trending higher. Lower energy demand or higher inventory levels can put added downward pressure on corn.

South American production forecasts are also in focus. The latest estimates from Rabobank peg Brazil’s coming corn crop at a hefty one hundred thirty-seven million metric tons for the twenty-twenty-five, twenty-twenty-six season. A big crop from Brazil could add further competition in the export markets next year.

So what does all this mean if you are a farmer, grain trader, or simply curious about corn? Key takeaways: It is a time to keep watch on both local price bids and global export trends. With market chatter shifting on nearly a daily basis, check in frequently—local basis bids can change even when futures stay flat. If you are marketing corn, closely monitor how cash prices are moving relative to futures, and watch for seasonal opportunities as harvest wraps up. And for those tracking input costs, stay plugged into news from South America and global demand since they shape the broader price environment here at home.

That covers today’s recap. I hope you find this information useful, whether you are checking corn prices to manage your marketing plan, tracking export trends, or just looking to stay on top of the news. This is Vanessa Clark for the Daily Corn Price Tracker. Thanks for listening. Make sure to subscribe, and join me again tomorrow for the latest corn price news and actionable insights you can use.

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