Corn International News
10-Mar-2026 08:36 AM
Corn International News
According to the USDA’s FGIS report, corn export shipments for the week ending March 5 totaled 1.518 MMT (59.75 mbu). This was 18.4% lower than the previous week and 17.7% below the same week last year. Mexico was the top destination with 497,964 MT, followed by 243,022 MT to Japan and 203,726 MT to Colombia.
For the 2025/26 marketing year, total exports since September 1 have reached 41.21 MMT (1.622 bbu), which is now 41.54% higher than the same period last year.
The USDA’s WASDE report will be released on Tuesday, with traders expecting U.S. corn ending stocks at 2.136 billion bushels, which would be 9 million bushels higher than last month if realized.
Commitment of Traders (COT) data from Friday showed that speculative funds have shifted to a net long position of 52,974 contracts in corn futures and options. This represents a net move of 66,841 contracts to the long side during the week and marks the largest net long position in corn since last April.
According to Brazil’s AgRural, the first corn crop harvest was 42% complete as of Thursday, compared to 54% at the same time last year. Meanwhile, planting of the second corn crop reached 82%, lagging last year’s 92%.