Kernels of Truth: Corn Bounces Back as Export Demand Sparks Hope for Growers
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Kernels of Truth: Corn Bounces Back as Export Demand Sparks Hope for Growers
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This is your Daily Corn Price Tracker with Vanessa Clark podcast.
Hey friends, welcome to another episode of Daily Corn Price Tracker with Vanessa Clark. Im your host Vanessa, and today were diving into the latest on corn prices, market moves, and what it all means for you.
Right now, March corn futures are sitting at about 4.22 dollars per bushel, up a couple cents from yesterday's close according to AgMarket.Net and Ever.ag spot summaries. Thats a nice little bounce after hitting five-month lows earlier this week, thanks to higher crude oil prices and fresh demand news. The USDA just confirmed a flash sale of 136,000 metric tons of corn to South Korea for next season, and there are rumors of Japan jumping in too, as reported by AgMarket.Net and Total Farm Marketing.
Were still digesting Mondays big WASDE report, which bumped US corn production to a record 17 billion bushels with higher yields and stocks, putting pressure on prices. But lower prices are sparking sales, and ethanol production hit 1,196 thousand barrels per day last week per ADMIS. Support for March corn holds at 4.10 dollars, with resistance around 4.25 dollars.
For you growers and buyers, heres your takeaway: watch those export sales and Brazil's safrinha planting. If demand stays strong, we could see a small rally, but big weather hits would be needed for more. Consider locking in sales if youre above your break-even, especially with Mexico still our top buyer.
Thanks for tuning in, pals. Subscribe, share with your farm crew, and catch you next time on Daily Corn Price Tracker!
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