Corn Futures Rebound as Buyers Return Amid Strong Export Demand

Chicago corn futures reversed their losses on Friday, August 14, as buyers returned to the market after profit-taking in the previous session. In early trading, contracts rose by 5-6 cents per bushel, with December futures trading at around $4.76 per bushel.

The market continues to price in supply risks and a tighter US corn balance, driven by lower projected US stocks amid strong export demand. The US old-crop corn export sales totaled 410.7 thousand tons in the week ended August 6, the highest level in five weeks, with Spain being the largest buyer at 257.6 thousand tons.

However, new-crop corn sales slowed to 924.5 thousand tons, a three-week low and 54.9% below the same period last year. Brazil's higher supplies are also limiting further price gains, as CONAB raised its 2025/26 corn production forecast by 1.23 million tons to 142.96 million tons.