Corn Prices Start Thursday with Marginal Losses

Corn prices began Thursday with marginal losses, dropping by 1 to 2 cents in early trading. This follows futures closing down a penny on Wednesday at $4.75 per contract across most contracts, as pressure continues to build.

The front months took the brunt of the hit, while open interest dropped significantly in the September contracts due to some rolls starting. The rest of the board showed an increase of 15,476 contracts, suggesting new selling interest.

The USDA is set to release Export Sales data shortly, with traders expecting 200,000 to 600,000 MT of old crop corn sales for the week ending July 30. For 2026/27, sales are predicted at 0.7-1.2 MMT.