International Corn Market Update

25-Jun-2025 08:41 AM

International Corn Market Update
★ News of a potential ceasefire between Israel and Iran triggered a reversal in several agri-commodities.
★ CBOT corn closed lower.
★ The U.S. reported corn sales to Mexico as follows:
 – 630,000 tons for 2024–25,
 – 550,000 tons for 2025–26,
 – 75,000 tons for 2026–27.
★ 70% of the U.S. corn crop is rated in good-to-excellent condition.
★ Brazil’s ANEC agency estimates June corn exports at 830,000 tons, down from the earlier projection of 913,000 tons.
★ Another agency revised Brazil’s second corn crop estimate up by 10.4 million tons, now projecting a record 123.3 million tons.