Corn futures saw declines of 3 to 4 cents across front months on Thursday, with December 2025 contracts closing down 3 3/4 cents at $4.18 1/4. This downward pressure was attributed to a strengthening US dollar, lower crude oil prices, and ongoing harvest pressure from record acreage. Market uncertainty was exacerbated by a lack of Export Sales data and China's recent report, which trimmed its corn import forecast by 1 MMT to 6 MMT, despite maintaining production estimates.
Corn futures experienced a notable decline across front months on Thursday, with December 2025 contracts closing down 3 3/4 cents at $4.18 1/4. This downward movement was primarily driven by external macroeconomic pressures, including a US dollar index hitting a two-month high and crude oil prices falling by 98 cents per barrel. Further contributing to the bearish sentiment is significant harvest pressure, as record corn acreage appears to be yielding unimpeded across much of the country. Market uncertainty is also exacerbated by a current lack of Export Sales data, making it difficult for traders to track the pace of sales. China's latest monthly report maintained its corn production estimate at 296.16 MMT but trimmed its import forecast by 1 MMT to 6 MMT. This reduction in anticipated demand from a key importer, coupled with robust domestic supply, reinforces the negative outlook for corn prices.
AI-powered research, real-time alerts, and portfolio analytics for institutional investors.
Request a DemoOverall Sentiment
moderately negative
Sentiment Score
-0.65
Ticker Sentiment
