According to Monday’s Crop Progress report, 97% of the U.S. corn crop had emerged by June 21, matching the 5-year average. Crop condition ratings remained steady at 68% good-to-excellent, while the Brugler500 Index was unchanged at 373.

USDA’s FGIS reported U.S. corn export inspections of 1.454 million metric tons (57.25 million bushels) for the week ending June 18. This was down 11.87% from the previous week and 3.31% below the same week last year. Mexico was the largest buyer with 479,329 MT, followed by Japan with 299,364 MT and South Korea with 289,029 MT. Marketing year 2025/26 corn exports have reached 67.08 MMT (2.64 billion bushels), up 25.21% from the same period last year.

According to the weekly CFTC report, managed money funds increased their net short position in corn futures and options by 41,102 contracts, bringing the total net short position to 46,427 contracts.

Brazilian consultancy Safras estimated the country's corn production at 139.94 MMT, down 0.18 MMT from its previous estimate. Meanwhile, AgRural reported that the second corn crop harvest in Brazil’s Center-South region was 16% complete.