Corn futures showed losses of between 2 and 3 ½ cents at midday Thursday, as month end pressure combined with weakness in the wheat market affected prices on May 1. There were 19 delivery notices overnight for May futures on First Notice Day. The CmdtyView national average cash corn price fell by three cents to $4.31.
The topic is important because it reflects how broader market trends and weather conditions are impacting agricultural producers, traders, and the communities that depend on corn production.
A large part of the Corn Belt is expected to be able to plant crops over the next five days, with forecasts from NOAA’s seven-day QPF indicating that one to one-and-a-half inches of rain are likely in much of Missouri and the eastern Corn Belt during days six and seven. The USDA’s Export Sales report released this morning showed old crop corn sales for the week ending April 23 totaled 1.598 million metric tons, which was within analysts’ expectations of one to 1.9 million metric tons and marked the largest weekly total since late February. There were no new crop sales reported for that week—the first time in thirteen weeks without new business.
May 2026 corn was priced at $4.64¼ per bushel, down two-and-a-quarter cents; nearby cash was $4.31, down three cents; July corn was $4.74½, down three-and-a-quarter cents; December corn stood at $4.94¾, down three cents; while new crop cash came in at $4.51¼ per bushel, also down three cents.
Legacy Farmers Cooperative supports community initiatives including local youth programs such as 4-H and FFA, county fairs, and scholarships according to its official website. The cooperative maintains facilities like grain centers, agronomy sites, fuel stations and retail locations throughout northwest Ohio according to its official website. It is structured as a member-owned cooperative according to its official website with more than 150 employees across its divisions according to its official website. Legacy Farmers Cooperative aims to exceed customer expectations by offering top value and financial returns for members according to its official website, serving agricultural producers in ten counties across northwest Ohio according to its official website.
According to a disclosure statement included in the article: “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 provided is solely for informational purposes.
