Cornering the Market: Your Daily Dose of Maize Moves

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

Hello and welcome back to Daily Corn Price Tracker. I am Vanessa Clark, and it’s Friday, October seventeenth. Thanks for tuning in for the latest news, insights, and trading prices for corn. Whether you’re a farmer, an agribusiness professional, or just someone who likes to keep an eye on grain markets, this episode is packed with everything you need to know to stay ahead of the curve.

Let’s kick things off with today’s corn price update. According to the Chicago Board of Trade, December corn futures closed at four dollars and twenty-two and a half cents per bushel this afternoon. That’s up slightly for the day and marks a fourth consecutive higher close for corn. Over the past week, corn prices have gained almost ten cents, reflecting firming trends in the market. Looking ahead, March futures are trading at four dollars and thirty-six and a half cents, while July is showing four dollars and fifty cents per bushel. If you’re following cash bids instead of futures, bids in the eastern region for food grade corn average around four dollars and thirty-seven cents a bushel, with feed grade bids ranging from four eighty to five fourteen per bushel depending on location and grain elevator.

Why is corn moving higher right now? One reason is slower farmer sales of newly harvested grain. Many growers are holding off and waiting for better selling conditions, largely because at current price levels, selling would mean a loss for some growers. Yield uncertainty is also in play this season. While the USDA has projected a record crop, reports across the Midwest describe lower-than-expected yields, with some areas facing disease issues and dry weather. According to market analysts, this is making traders cautious and pushing prices up as supplies may end up tighter than expected.

On the demand front, corn’s role in ethanol production continues to support pricing. Ethanol output is up year-over-year, and stocks are running slightly higher than last year, which indicates solid demand from processors. Meanwhile, new export sales have slowed somewhat in recent weeks, influenced by the ongoing government shutdown’s effect on USDA reporting and by shifts in export demand. Outside of the US, South American planting is mostly on track, but there are concerns about dry weather in some Brazilian regions that could affect future supply.

As we look ahead to next week, keep an eye on further harvest results and any crop updates from key regions. If reported yields continue to disappoint, prices could see more strength. For local producers, this is a good time to review your marketing plans and adjust if needed, especially with cash markets showing some firmness. As always, tracking local bids and futures daily is the best way to maximize your returns, whether you’re marketing corn for feed, food, or industrial use.

Before I let you go, here’s today’s actionable takeaway. With corn prices edging higher and yield uncertainty still in the mix, growers may want to consider their storage options and timing on sales. If you’re holding grain, staying patient could pay off as market trends develop over the next few weeks.

Thanks for listening to Daily Corn Price Tracker with Vanessa Clark. Be sure and subscribe so you don’t miss an episode, and tune in next time for more daily updates and expert analysis. Have a great weekend and happy trading.

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