Expensive corn following news of strong export sales data

In Europe and America, mixed movements were seen in the commodity markets last week. In Chicago, wheat was 0.2 percent cheaper, corn was 2.4 percent, soybeans were 1.1 percent, and rapeseed was 1.7 percent more expensive. In Europe, milling wheat prices fell by 1.3 percent, and corn by 0.4 percent, while feed wheat and rapeseed were 0.4 percent and 0.9 percent more expensive, respectively. The futures price of corn increased after a report indicated that export sales rose significantly in the week ending October 16. The United States Department of Agriculture (USDA) reported corn export sales of 2.82 million tons for the 2025/26 marketing year and 571,500 tons for the 2026/27 year, after delayed data release due to the government shutdown. American markets were closed on Thursday and Friday due to Thanksgiving. "This is old data. However, it revealed some very impressive corn sales during the week, most of which went to Mexico," said Arlan Suderman from StoneX. According to the ...