Kernels of Truth: Record Harvests Squeeze Prices But Exports Keep Hope Alive Titelbild

Kernels of Truth: Record Harvests Squeeze Prices But Exports Keep Hope Alive

Kernels of Truth: Record Harvests Squeeze Prices But Exports Keep Hope Alive

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This is your Daily Corn Price Tracker with Vanessa Clark podcast.

Hey everyone, I'm Vanessa Clark, and welcome back to the Daily Corn Price Tracker. I'm so glad you're here because we've got some important market moves to talk about today.

Let's jump right in with what's happening in the corn market right now. As of today, March corn futures closed at 4.26 and a half cents per bushel, down one and three quarters cents. Now, I know those numbers might sound small, but in the commodity world, every fraction of a cent matters, especially when you're dealing with the volumes that farmers and traders work with daily.

So what's driving these prices down? Well, we're dealing with some pretty heavy supply pressure right now. The USDA came out earlier this month with some bearish news. They raised corn production for the twenty twenty five twenty twenty six season to a record 17 point 021 billion bushels, which was actually 470 million bushels above what traders were expecting. On top of that, they also increased harvested acres and pushed the average yield up to 186 point 5 bushels per acre, another record. All of this record supply is putting serious downward pressure on prices.

But here's where it gets interesting. Even with all these headwinds, there's actually some bright spot in the export picture. The USDA reported that corn export inspections last week came in at 59 point 4 million bushels, which is actually near the high end of what analysts were expecting. Mexico has been the top destination, followed by strong demand from Japan and Spain. So while we've got massive supplies, at least we're seeing decent export activity, which is keeping prices from falling even further.

Looking at the broader picture, corn futures have fallen nearly three percent over the past month and are down more than eleven percent compared to this time last year. The market is really struggling to find its footing with all this supply hanging over it. South American harvests are moving along nicely with favorable weather, which is also competing with US supplies in the global market.

The bottom line for you as a listener is that if you're involved in corn, whether as a producer, buyer, or investor, we're in a challenging environment right now. Demand growth just isn't keeping pace with the record supplies we've got. That said, strong export numbers show there's still interest out there, so keep your eye on those weekly export figures because they could be the key to when this market finally stabilizes.

Thanks so much for tuning in to the Daily Corn Price Tracker. Make sure you subscribe so you don't miss tomorrow's update, and I'll see you next time.

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