Corn Climbs: Futures Hit 4-Month High on Tight Supply

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

Hello and welcome back to the Daily Corn Price Tracker with Vanessa Clark. I’m Vanessa, here to keep you in the loop with the latest corn market news, current trading prices, and what’s driving the trends you care about most. Whether you’re a farmer, ag professional, or just tracking commodities for your business or investments, this is your one-stop source for all things corn.

Let’s dive right into today’s numbers. As of October twenty-eighth, December corn futures are trading at four dollars and thirty-two cents per bushel. That’s up about three and a quarter cents and sets a new four-month high for this contract. Corn’s cash price nationally averages around three dollars and ninety-two cents, ticking up just over four cents from yesterday. So if you’re watching the futures closely or moving physical grain today, these are the benchmark prices to keep in mind.

So what’s behind the movement? Speculator activity has ramped up. We’re seeing decent follow-through buying on the boards, and that bullish momentum is lifting not just corn, but also soybeans and wheat. Technical analysts say the corn bulls hold the short-term advantage, with traders eyeing the next big milestone: a close above the resistance at four dollars and fifty cents. On the flip side, the bears are targeting support around the October low of four dollars and nine cents, but today’s mood is definitely brighter.

Now let’s talk about fundamentals. Demand remains robust, partially driven by strong U.S. export inspections and ethanol production. Over the past month, corn prices have increased about two percent, and compared to this time last year, they’re up just north of four percent. Weekly export shipments remain elevated and have reduced available stocks, contributing to the positive tone in the futures market.

Globally, supply remains tight once China’s strategic stockpile is taken into account. That’s left the world with one of the smallest stocks-to-use cushions in decades. In South America, weather is a wildcard; dryness in central Brazil and parts of Argentina threatens second-crop plantings that typically relieve global supply. Market watchers are keeping a close eye on La Nina trends, as a weaker La Nina in the Pacific could lead to less rainfall in major crop-producing regions. Meanwhile, here in the Midwest, three rounds of precipitation over the next two weeks should help ease drought pressures, and if forecasts hold, fieldwork should accelerate once things dry out again.

If you’re a grower looking for practical tips, now’s a good time to review your balance of cash sales and forward contracts. Experts are advising hedgers to be one hundred percent priced in on their twenty twenty-four harvest and to consider selling up to twenty percent of their expected twenty twenty-five crop for delivery next fall. That helps lock in current price strength while still giving flexibility if conditions or the market shift.

So, to recap, December corn futures are at four thirty-two, hitting a four-month high amid strong speculative interest and support from gains in related commodities. Demand is healthy, exports and ethanol production are underpinning prices, and global supplies remain tight. Keep an eye on weather, both here and in South America, for possible market-moving developments.

Thanks so much for tuning in to the Daily Corn Price Tracker. If you found this update helpful, make sure to subscribe so you never miss a beat on corn prices and market trends. I’m Vanessa Clark, and I’ll be back tomorrow with the latest insights you need to keep your operation informed and ahead of the curve. Have a great rest of your day, and see you next time.

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