Corn Futures Dipped Below $4 on Wednesday

Corn futures fell below $4 a bushel (on Wednesday) to the lowest level in about 11 months as favorable US weather continued to weigh on prices ahead of a key report due next week that could show eye-popping yields. As of Thursday morning, corn is back above $4.

US Corn Export Sales Forecast at Record Levels

U.S. corn export sales have continued at a blistering pace and support a 100-million-bushel month-to-month increase for the 2024/25 marketing year, raising the forecast to a record-high 2,750 million bushels. If realized, 2024/25 corn exports will exceed the 2023/24 estimate by nearly 500 million bushels (22%).

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