US corn futures rose on Tuesday and closed in the green across the board. The December contract gained 4.50 US cents and ended at 426.25 US cents/bushel. March corn gained 4.25 US cents to 443.00 US cents/bushel.
The USDA's weekly status assessment had a particularly bullish effect. The proportion of stocks rated "good to excellent" fell by one percentage point to 66 percent. At 11%, the harvest is in line with the five-year average.
Additional support came from the export side. On Tuesday morning, the USDA reported private sales of 122,947 tonnes of corn to Mexico, of which around 100,000 tonnes were for the 2025/26 season. Traders are now looking ahead to the upcoming ethanol figures from the EIA, hoping for stabilization after the recent drop in production. On Euronext, November gained € 0.25 to € 186.00/t.
