Corn Futures Prices Fall as Export Sales Data Show Mixed Results
Corn futures prices declined on Thursday, August 1, with front-month contracts dropping by between 2 and 3 ¼ cents. In contrast, deferred contracts rose slightly, reaching up to 1 ¼ cents.
The national average cash corn price decreased by 2 ¾ cents to $4.16 ¼ per bushel, indicating a modest decline in market prices. This drop is likely due to the mixed results of export sales data released on July 23, which showed 362,916 metric tons (MT) of corn sold for the 2025/26 marketing year.
The export sales data also revealed that Colombia purchased 173,900 MT, while Mexico bought 129,800 MT. Bookings for the 2026/27 marketing year reached a marketing-year high of 1.062 million metric tons (MMT), but still fell short by 43.8% compared to the same week in the previous year.