Corn prices in Chicago are down another 4 to 6 cents so far on Monday morning. Futures settled 2 ¼ to 4 ¾ lower on Friday, with old crop July the weakest as the July options expired and a July 430 pin was unsuccessful. The front month CmdtyView national average Cash Corn price is down 5 1/4 cents today at $4.05.  Crude oil is up just 40 cents this morning following the US strikes on Iran nuclear facilities over the weekend.

The weather outlook for next week has some heavy rains from NE, the southeast corner of SD, Southern MN, IA, and WI totaling from 1 to up to 5 inches in some parts. The Southern Plains, through MO and the Eastern Corn Belt is looking at smaller totals. 

Export Sales data from USDA Friday morning showed a total of 903,792 MT of 2024/25 corn booked in the week of June 12, in the middle of the trade estimates at 600,000 MT to 1.2 MMT. That was back up from the week prior by 14.2%, and 76.7% larger than the same week last year. New crop business was tallied at 154,998 MT, on the high side of 0-200,000 MT expectations.  

Brazil’s second crop corn harvest in Brazil is estimated at 13% complete in the center-south region, according to AgRural, which is well below the 34% from this point last year. 

Jul 25 Corn  closed at $4.28 3/4, down 4 3/4 cents, currently down 5 3/4 cents

Nearby Cash  was $4.05 1/1, down 5 1/2 cents,

Sep 25 Corn  closed at $4.25 1/2, down 3 1/2 cents, currently down 4 cents

Dec 25 Corn  closed at $4.41 1/4, down 2 3/4 cents, currently down 4 1/4 cents

New Crop Cash  was $3.97 1/8, down 4 cents,