U.S. — Corn futures prices increased between 11 and 14.75 cents on the morning of July 6, 2026. This increase occurred as weather forecasts indicated a shift to warmer temperatures and predicted rainfall in key growing regions.

Weather forecasts released on July 6, 2026, projected 1 to 3 inches of rainfall across parts of the Dakotas and Minnesota within the next two days. Additionally, 0.5 to 2 inches of rainfall were forecast for the Eastern Corn Belt over the week following July 6, 2026. Temperature forecasts for the two weeks after July 6, 2026, showed expectations of above-normal temperatures.

On July 2, 2026, front-month corn futures were 0.25 to 4 cents higher, while deferred contracts decreased by as much as 2.75 cents. The July 2026 corn futures contract closed at $4.25 per bushel on July 2, showing an increase of 4 cents. The September 2026 corn futures contract closed at $4.23 per bushel, an increase of 0.25 cents on the same date. The December 2026 corn futures contract closed at $4.415 per bushel, marking a decrease of 0.75 cents on July 2, 2026.

The September 2026 corn futures contract had increased by 1.25 cents during the four-day trading week that ended July 2, 2026. In contrast, the December 2026 corn futures contract remained steady during that same trading week. Deliveries against July corn futures totaled 150 on the evening of July 2, 2026. Short covering activity on July 2, 2026, led to a decrease of 5,828 contracts, primarily across the front three contracts.

Export Sales data released on July 2, 2026, indicated that 732,070 metric tons of old crop corn were sold for the week ending June 25, 2026. This volume represented a 37.4% increase compared to the same week in the previous year. Mexico purchased 261,000 metric tons of old crop corn, Colombia purchased 201,100 metric tons, and Portugal purchased 169,200 metric tons during that week.

New crop corn business for the week ending June 25, 2026, totaled 767,756 metric tons, reaching a three-week high. These sales were 18.3% below the volume recorded in the same week of the previous year. Mexico was a buyer of new crop corn, acquiring 272,700 metric tons, and 189,500 metric tons of new crop corn were sold to unknown destinations during the week ending June 25, 2026.

Accumulated corn sales for the 2026/2027 marketing year totaled 6.147 million metric tons as of July 2, 2026. This figure was 35.6% above the sales at the same point in the previous year. The CmdtyView national average Cash Corn price reached $3.9375 per bushel on July 2, 2026, reflecting an increase of 0.25 cents. The New Crop Cash corn price was $3.98375 per bushel on July 2, 2026, an increase of 3.75 cents.