Corn Futures Surge on Strong Demand
Update: 2025-12-26
Description
Corn futures kick off the new year with a strong performance, surging three to four cents higher across contracts. Preliminary open interest jumped by 802 contracts, and the national average cash corn price climbed to $4.075 per bushel. Export sales are robust, with total corn commitments reaching 47.579 million metric tons, 31% ahead of last year and matching the USDAs record projection. Shipments are at 28% of the forecast, outpacing the five-year average. Traders are optimistic about demand, particularly from key markets, as open interest suggests more conviction among big players. In Argentina, the corn crop is progressing well, with 77.7% planted and 87% of the emerged crop rated good to excellent. March 26 corn closed at $4.51, up 3.5 cents, while nearby cash held steady at $4.075. May 26 and July 26 futures also gained 3.5 cents each. The stage is set for further gains in this bullish market.
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