Midday Corn Market Update – June 10, 2025
Corn futures are trading with modest gains through Tuesday’s midday session. Nearby contracts are leading the charge, with July up nearly 5 cents. National average cash prices are also ticking higher as improved crop conditions and strong global demand offset early-week pressure.
🌽 Market Highlights
- Jul 2025 Corn: $4.38 1/4, up 4 ¾ cents
- Sep 2025 Corn: $4.23 1/4, up 1 cent
- Dec 2025 Corn: $4.38 1/4, up ¼ cent
- CmdtyView Cash Avg: $4.14 1/4, up 5 cents
- New Crop Cash: $3.95 1/4, up 1 cent
The NASS Crop Progress report shows the U.S. corn crop is 97% planted, matching the 5-year average. Emergence reached 90%, just ahead of the 88% norm. While the national condition rating improved to 71% good/excellent (+3 pts), eastern states are still trailing in planting pace:
- Indiana: 94% planted (–3% vs avg)
- Kentucky: 89% (–7%)
- Ohio: 85% (–5%)
- Pennsylvania: 84% (–6%)
Brugler500 Index: National corn rating rose 3 points to 378. State-level changes included:
- Gains: OH (+11), ND (+12), IL (+7), MN (+5), SD (+7), IA (+2)
- Declines: KS (–4), NE (–2), IN (–3)
On the demand side, South Korean buyers booked 269,000 MT of corn via overnight private tenders. While origin was unspecified, Brazilian export forecasts were revised higher. ANEC now projects June corn shipments at 923,401 MT, up nearly 88,000 MT from their prior estimate.
📉 Technical Analysis – July Corn (ZCN25)
- Support Held: Prices bounced sharply off the 429 handle after briefly undercutting overnight support.
- Breakout Above: The rally pierced through 434 resistance with strong volume and momentum.
- Intraday Pattern: Bullish continuation, forming higher lows and expanding volume into noon hour.
- Bias: Short-term bullish, with resistance now near 440.
📉 Technical Analysis – September Corn (ZCU25)
- Initial Weakness: Prices slid below 420 early but rebounded strongly mid-morning.
- Resistance Reclaim: The 422-0 level was retaken on increased volume and conviction.
- Current Price: $4.23 4/8, flat but trending higher into afternoon.
- Bias: Recovery in progress — watch for a potential close above 424-0 to confirm.
Disclaimer: This material is provided for informational purposes only and does not constitute trading advice. Futures and options involve substantial risk and are not suitable for all investors. Past performance is not indicative of future results. All analysis is based on publicly available data and is subject to change.
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