Corn futures are trading 6 to 7 cents lower at midday on Thursday, reversing part of Wednesday's 17 to 20 cent gains. The CmdtyView national average cash corn price is down 6 3/4 cents at $4.21 1/2. Export sales data released this morning showed old crop sales of 410,748 metric tons for the week of August 6, a five-week high that exceeded trade expectations, while new crop sales totaled 924,532 metric tons, a three-week low down 54.9% from the same week last year. Wednesday's Crop Production report from NASS pegged yield at 180.7 bushels per acre with planted acreage raised by 1.4 million acres to 96.7 million acres, and production was tallied at 16.013 billion bushels, about 80 million bushels above estimates. WASDE data showed 2025/26 ending stocks down 75 million bushels from last month on increased exports, with new crop stocks pegged at 1.653 billion bushels, while Brazil's 2025/26 production was raised 2 million metric tons to 140 million metric tons and CONAB lifted its estimate to 142.96 million metric tons.
