Corn futures slip 1–2 cents by Friday midday
AI Market Summary
US corn futures are softer midday, pressured by sharp wheat losses and a weaker cash market. NOAA's 7-day outlook shows limited rainfall across much of the Corn Belt, which could raise late-season crop uncertainty but is not offsetting current spillover selling. Export commitments remain strong at 103% of USDA's projection, with new-crop sales running ahead of last year, offering some demand support.
Impact level
● Medium
Affected assets
NCCOSOYBEANS2USD/USDT-0.10%
AI Insight · NCCOSOYBEANS2USD/USDTAI Insight
▼ Bearish
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U.S. corn futures were down 1–2 cents by midday Friday, while the national average cash corn price fell 1 3/4 cents to $4.32 per bushel. NOAA’s 7-day QPF calls for less than 0.5 inches of rain across much of the Corn Belt over the next week, with Missouri and eastern Ohio the main exceptions. Export Sales data released Thursday showed total corn commitments at 86.613 MMT, or 103% of the USDA export projection, and new-crop sales at 7.56 MMT, up 12.5% from the same period last year.
