Corn futures are holding steady on Thursday morning, with contracts remaining close to unchanged. On Wednesday, the corn market saw gains of 3 to 4 cents across most contracts. Preliminary open interest slipped by 6,238 contracts on Wednesday, signaling some shorts covering.
The CmdtyView national average cash corn price rose by 3¾ cents to $3.74.
Due to the Monday holiday, the Energy Information Administration (EIA) data release has been postponed to Thursday. Market watchers will be closely monitoring whether ethanol production can continue its recent rebound. Normally, Export Sales data would be released on Friday; however, the ongoing government shutdown has suspended this update. Traders estimate that corn bookings ranged between 0.9 to 2 million metric tons (MMT) for the week ending October 9.
In international news, two separate South Korean importers purchased a combined total of 269,000 metric tons of corn in private tenders on Wednesday. No official origins were listed for these purchases.
Corn Contract Closing Prices:
– December 2025 corn closed at $4.16¾, up 3¾ cents and is currently unchanged.
– Nearby cash corn was $3.74, up 3¾ cents.
– March 2026 corn closed at $4.32¼, up 3 cents and is currently unchanged.
– May 2026 corn closed at $4.41, up 3 cents and is currently up ¼ cent.
Disclaimer: As of the date of publication, Austin Schroeder does not hold positions, either directly or indirectly, in any of the securities mentioned in this article. All information and data are provided solely for informational purposes. For more details, please refer to the [Barchart Disclosure Policy](https://www.barchart.com/disclosure).
Additional news from Barchart:
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– Five Things to Watch for a Turnaround
– Will Cotton Ever Rally?
– As China Shuns U.S. Agricultural Products, Make This One Trade Now
– Corn and Soybean Bulls Faced Challenges Last Week: What to Watch Next
The views and opinions expressed in this article are those of the author and do not necessarily reflect those of Nasdaq, Inc.
https://www.nasdaq.com/articles/corn-trading-steady-thursday-morning
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