Markets / Corn
Corn
Dec Corn futures · $ per bushel
Corn is up 10.5% since January 1. By this point in a typical year (2021–2025) it was down 5.8%. From here to year-end, the price rose in 3 of the last 5 years, up 4.9% on average. Front-month futures. Past patterns don't predict prices; weather, demand and policy change every year.
As of Tuesday, Oct 6, hedge funds and commodity advisors are net long 329,839 contracts (less bullish than the week before, -51,381). That's more bullish than 94% of weeks in the last 3 years. When funds are this one-sided, a surprise can trigger fast moves the other way as they get out. CFTC Commitments of Traders, Disaggregated Futures Only. Published Fridays with Tuesday's positions.
Every contract month
Corn futures trade Mar, May, Jul, Sep, Dec only; there are no other months.
Deferred months are priced above Dec Corn (a carry): the market is paying to store it.
| Month | Last | Change | vs. Dec |
|---|---|---|---|
| Dec Corn | 4.85 | +1.75¢ | — |
| Mar Corn | 4.99 | +1.25¢ | +13.75¢ |
| May Corn | 5.06 | +1.75¢ | +21.5¢ |
| Jul Corn | 5.12 | +2¢ | +27.25¢ |
| Sep Corn | 5.03 | +1.75¢ | +18.5¢ |
| Dec 27 Corn | 5.14 | +2.25¢ | +29.75¢ |
| Mar 28 Corn | 5.28 | +2¢ | +43¢ |
| May 28 Corn | 5.35 | +1.5¢ | +50.25¢ |
| Jul 28 Corn | 5.38 | +1.75¢ | +53.5¢ |
| Sep 28 Corn | 5.11 | +1¢ | +26.25¢ |
| Dec 28 Corn | 5.12 | +0.75¢ | +27.25¢ |
Text me when Dec Corn hits my number
Pick the month and the price. We text you the second it trades there, plus corn at 10:00 and 2:00.
Set up Dec Corn alertsCrop progress
Corn: 23% harvested (+5 pts in a week, 4 pts behind the 5-year average (27%)). 54% rated good to excellent, down 3 from last week.
Export shipments
Shipped 53.8 million bushels (1.37 million metric tons) in the week ending Oct 1, down 13% from the week before. Marketing year to date: 280 million bushels, 4% ahead of last year's pace. That's 8% of USDA's 3,300 million bushel export forecast; hitting it takes about 62.9 million bushels a week from here (this week: 53.8).
USDA WASDE
Ending stocks rose 282 million to 1.849 billion bushels: a bigger cushion, which usually weighs on prices. USDA raised the 2026/27 yield to 181.2 bu/acre (from 178.5), putting production at 16.034 billion bushels.
Why it moved
CBOT corn to end bounce around $4.83-1/4. Wheat (+0.26%) was higher too, so the buying was across the grain market. It settled near the high of the day.
Reports coming up
- Tue Oct 13USDA export inspections10:00am CT
- Tue Oct 13USDA Crop Progress3:00pm CT
- Thu Oct 15USDA weekly Export Sales7:30am CT
- Mon Oct 19USDA export inspections10:00am CT
- Mon Oct 19USDA Crop Progress3:00pm CT
- Thu Oct 22USDA weekly Export Sales7:30am CT
- Mon Oct 26USDA export inspections10:00am CT
- Mon Oct 26USDA Crop Progress3:00pm CT
- Thu Oct 29USDA weekly Export Sales7:30am CT
About this market
CBOT corn futures, 5,000 bushels. Dec is the new-crop month; Mar, May and Jul carry old crop into summer.