US corn futures rallied sharply on Monday, with most 2026/2027 contracts gaining between 14½ and 21¼ cents, according to Detik Finance.
The CmdtyView national average Cash Corn price rebounded by 21¼ cents to $4.37½.
Planting Progress Accelerates
The National Agricultural Statistics Service (NASS) reported that 76% of the domestic corn crop had been planted as of Sunday.
This pace is 6% ahead of the five-year average of 70%.
Additionally, 39% of the crop has emerged, which is two percentage points faster than normal.
Export Data Shows Mixed Signals
Export inspections for the week ending May 14 totaled 1.379 million metric tons (54.28 million bushels).
This represents a 19.07% decline from the previous week and a 21.68% drop compared to the same week last year.
Japan was the top destination with 440,975 metric tons, followed by Mexico at 377,217 metric tons and Taiwan at 84,814 metric tons.
Total shipments for the marketing year since September 1 reached 58.57 million metric tons, still 28.5% above last year's level.
China Trade Commitment Supports Outlook
The White House released a fact sheet on Sunday detailing recent US-China trade discussions.
It stated that China will purchase at least $17 billion per year of US agricultural products in 2026 (prorated), 2027, and 2028, in addition to soybean purchase commitments made in October 2025.
This announcement provided additional support to corn futures amid the rapid planting progress.
