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Corn prices rise as USDA confirms 100,000 MT export sale for 2026/27

AI Market Summary
Corn markets started the week firm as USDA confirmed a 100,000 MT export sale to Colombia (2026/27) and weekly export inspections held near prior levels while running 57.36% above last year. Crop progress shows silking ahead of the five-year average, though condition ratings slipped slightly. NOAA forecasts 1–2 inches of Midwest rain, adding near-term supply uncertainty. Futures and cash prices advanced despite settling off intraday highs.
Impact level
● Medium
Affected assets
NCCOCOTTON2USD/USDT+1.48%
AI Insight · NCCOCOTTON2USD/USDTAI Insight
▲ Bullish
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The U.S. Department of Agriculture confirmed a private export sale of 100,000 MT of corn to Colombia for 2026/27. Weekly export inspections totaled 1.55 MMT in the week of 7/16, up 57.36% from the same week last year. Crop Progress data showed 59% of the U.S. corn crop silking by July 19, running 5 percentage points ahead of the 5year average. Corn futures and cash prices broadly strengthened as parts of the Midwest were forecast to receive 1 2 inches of rainfall over the next week.