Technology

Corn Rallies Ahead of Turkey Day

2025-11-26 22:39
882 views
Corn Rallies Ahead of Turkey Day

Corn Rallies Ahead of Turkey Day Corn up close - by PixelAnarchy via All-free-download_com Austin Schroeder Thu, November 27, 2025 at 6:39 AM GMT+8 1 min read Corn bulls were in rally mode on Wednesda...

Corn Rallies Ahead of Turkey Day Corn up close - by PixelAnarchy via All-free-download_com Corn up close - by PixelAnarchy via All-free-download_com Austin Schroeder Thu, November 27, 2025 at 6:39 AM GMT+8 1 min read

Corn bulls were in rally mode on Wednesday, with contracts 7 to 8 cents higher ahead of the Thanksgiving break. Friday is first notice day for December futures. The CmdtyView national average Cash Corn price closed the day at $4.04. The market will be closed on Thursday for Thanksgiving, with a hard open at 8:30 CST on Friday and an early close.

USDA’s catchup continues on Friday, with the Export Sales report for the week ending on October 16 released that morning. Analysts are looking for corn bookings to have totaled 1.4-2.5 MMT for the current marketing year and 0.5 to 1 MMT for the next marketing year. USDA’s backlog of daily announcements pegged 1.59 MMT for 2025/26 and 548,640 MT for 2026/27 in that week.

More News from Barchart

  • Dry Conditions in Brazil Support Arabica Coffee Prices

  • Coffee Prices Settle Lower on Improved Global Supply Outlook

  • Cocoa Prices Fall as EU Delays Deforestation Rules

  • Our exclusive Barchart Brief newsletter is your FREE midday guide to what's moving stocks, sectors, and investor sentiment - delivered right when you need the info most. Subscribe today!

Weekly EIA data from this morning showed a total of 1.113 million barrels per day of ethanol production in the week ending on 11/21. That was a 22,000 bpd increase on the week and a near record total. Stocks of ethanol dropped 339,000 barrels to 21.968 million barrels. Ethanol exports were down 23,000 barrels per day to 122,000 bpd, with refiner inputs of ethanol down 3,000 bpd to 885,000 bpd.

Dec 25 Corn  closed at $4.31 3/4, up 8 1/4 cents,

Nearby Cash  was $4.04, up 17 cents,

Mar 26 Corn  closed at $4.45 1/4, up 7 cents,

May 26 Corn  closed at $4.53, up 6 1/4 cents,

On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com

Terms and Privacy Policy Privacy Dashboard More Info