Farmer Retrieves Modest Sum from Duo on Wednesday's Morn, Referring to Corn Sales
The corn futures market has shown a modest upward trend in recent days, with production pegged at 16.742 billion bushels, up 1.037 billion bushels from last month's WASDE total. This increase in production has not deterred the market, as corn price action is up 2 to 2 1.4 cents so far on Wednesday morning.
Nearby Cash Corn is currently trading at $3.54 1/4, down 13 1/4 cents, while New Crop Cash Corn stands at $3.51 5/8, down 13 3/4 cents. Dec 25 Corn is currently up 2 1/4 cents, and Mar 26 Corn is up 2 1/2 cents, reflecting the overall upward movement.
Key factors influencing corn futures prices include USDA reports, exports, production and yield estimates, weather, and market positioning. The USDA's Export Sales reports indicate old crop commitments are slightly behind USDA estimates at 98%, with new crop sales growing strongly, reaching second-largest volumes for the marketing year, partly driven by sales to Mexico and unknown destinations.
Weekly export sales data shows fluctuations with some reductions in old crop bookings but strong new crop demand, especially notable for buyers like Mexico. Actual Census trade data running ahead of FAS data points to robust export activity.
ProFarmer's August 2025 crop tour gives estimates of corn yields in Illinois and Iowa slightly mixed but generally close to or just above three-year averages, impacting supply expectations. USDA projects a small year-over-year yield increase (+4 bushels per acre).
Limited precipitation forecast across the Corn Belt for the following week may pressure crop conditions and affect price movements. Speculative funds have increased their net short positions recently, adding over 2,300 contracts to a total of about 176,000 net shorts, reflecting some bearish bets in the market despite the price recovery.
Regarding Plus500 as a trading platform, it is recognised for being secure, user-friendly, and well-regulated with licenses from FCA, CySEC, ASIC, FMA, and CFTC. It provides exposure to corn futures and CFDs, suitable for both retail and professional traders.
Recent events have added more complexity to the market. On Tuesday, USDA reported a private export sale on Tuesday morning of 315,488 MT of corn to Mexico, with 20,830 MT for old crop and 294,658 MT for 2025/26. Tuesday's USDA Crop Production report showed the national corn yield at 188.8 bushels per acre, which was above the trade ideas of 184.3. Acreage was a big reason as a surprising 2.1 million planted acres were added this month to 97.3 million acres. FSA certified acres were tallied at 96.52 million acres.
Futures fell lower on Tuesday as USDA added more than 1 billion bushels to the balance sheet. Contracts closed with losses of 12 to 13 1/2 cents on Tuesday. The CmdtyView national average Cash Corn price was down 13 1/4 cents at $3.54 1/4. Dec 25 Corn closed at $3.94 1/2, down 13 1/4 cents, currently up 2 1/4 cents.
In summary, corn futures prices on Plus500 in August 2025 have exhibited moderate gains driven by export demand and USDA production reports. However, market participants remain cautious due to supply variables like weather and large speculative short positions. Export trends, especially new crop sales, and production estimates remain critical factors to monitor for future price direction.
[1] [Source 1] [2] [Source 2] [3] [Source 3]
Read also:
- Rapid Expansion in Organic Rice Protein Market Projected at 15.6% Through 2034
- Century Lithium Announces Production of Battery-Grade Lithium Metal Anodes from Angel Island Lithium Carbonate
- Truck manufacturers directed to cease enforcing immediate limp mode for low DEF emission regulations, according to EPA.
- Tesla Model Y owner, after traveling 300,000 miles, discloses the impact on the vehicle's battery life
