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This is your Daily Corn Price Tracker with Vanessa Clark podcast.
Hey everyone, I'm Vanessa Clark, and welcome back to Daily Corn Price Tracker. Thanks so much for tuning in. Today we've got some really interesting movement in the corn markets to talk about, so let's dive right in.
As of today, March corn futures are trading at four dollars and twenty four cents per bushel, up two and a quarter cents from yesterday's close. Now, that might not sound like a huge move, but in the commodities world, that's actually pretty significant action, especially considering where we've been recently.
So what's driving today's gains? Well, the USDA confirmed some solid export sales this morning that are giving the market a nice boost. We're talking about one hundred fifty thousand metric tons of corn heading to Colombia and another one hundred ninety five thousand metric tons to unknown destinations for the twenty twenty five through twenty six marketing year. Plus, Taiwan's purchasing group just bought about sixty five thousand metric tons of animal feed corn sourced from the United States. That kind of demand activity definitely helps support prices.
But here's what's really interesting for us corn followers: there's some major policy activity happening right now that could be a game changer. The House is considering provisions to allow year round sales of E fifteen gasoline, which would be huge for the ethanol industry. If that passes, we could potentially see an additional two point four billion bushels of corn demand annually. That's a pretty significant structural shift in corn demand, and the markets are definitely paying attention to this.
Now, let me give you some context on the bigger picture. Even though we're seeing some strength today, we have to remember that global corn supplies remain pretty elevated. Domestic cash prices are still fairly soft, which is keeping some of that upside enthusiasm in check. Also, for twenty twenty six, we're looking at about ninety five million acres of corn planted, which is down about three point eight million acres from this past year, but that's still going to give us the second highest total we've seen in the past five years.
Weather is definitely a factor to keep an eye on too. There's a significant winter storm expected to sweep through the central and southern plains late this week, bringing snow and ice. That could impact logistics, particularly along the Mississippi River, though current levels aren't critical.
So here's what I'd say to take away from today's action: the corn market is showing some resilience with those export sales and the potential for E fifteen expansion providing support. But we're still in a period where supply is abundant, so don't expect any crazy rallies just yet. Keep watching that ethanol policy vote happening soon and monitor those weather developments.
Thanks so much for listening to Daily Corn Price Tracker. Be sure to subscribe so you don't miss our next episode, and we'll see you tomorrow with all the latest corn market insights. Take care.
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