Corn Futures Slide on Weak Demand, USDA Export Data

Corn futures fell 2 cents to 2 cents below opening levels as traders reacted to weak demand and USDA export reports. The CmdtyView national average cash corn price dropped 1.5 cents to $3.845 per bushel. The USDA announced two private export sales totaling 345,000 metric tons of corn, including 150,000 MT to Colombia and 195,000 MT to unknown destinations. A Taiwan buyer also acquired 65,000 MT of U.S. corn in an overnight tender. The Energy Information Administration's weekly ethanol production data, delayed one day due to a holiday, is expected to show a decline from last week's record high. March 2026 corn closed at $4.2175, while May and July 2026 contracts each closed at $4.2975 and $4.3625 respectively.