Rainfall heading into the first few days of July is expected to remain limited across parts of Nebraska (NE), South Dakota (SD), Iowa (IA), southern Minnesota (MN), Wisconsin (WI), and the northern areas of the Eastern Corn Belt (ECB). According to NOAA’s 7-day precipitation forecast, much of the Eastern Corn Belt is expected to receive 1 to 3 inches of rain. Meanwhile, the CPC’s 8–14 day outlook indicates above-normal temperatures across the U.S., with below-normal precipitation expected in the Eastern Corn Belt.

According to the USDA Export Sales report for the week ending June 18, old-crop corn export sales totaled 743,097 metric tons. Although this marked a six-week low, it was slightly higher than the same week last year. Mexico was the largest buyer with 307,300 metric tons, followed by Japan with 161,700 metric tons and Colombia with 98,400 metric tons.

New-crop corn sales reached 735,862 metric tons, more than double the volume recorded during the same week last year. Mexico purchased 295,500 metric tons, while Japan bought 250,000 metric tons. Total accumulated sales for the 2026/27 marketing year have now reached 5.379 million metric tons, up 49.7% from a year ago.

Agroconsult raised its 2025/26 Brazilian corn production estimate by 3.6 million metric tons to 144.1 million metric tons. The second corn crop (Safrinha) estimate was also increased by 3.7 million metric tons to 115.8 million metric tons.

The International Grains Council (IGC) increased its 2026/27 global corn production forecast by 10 million metric tons, while global consumption was raised by 9 million metric tons. World corn ending stocks were increased by 7 million metric tons to 298 million metric tons, supported by a 6 million metric ton upward revision in 2025/26 stocks.