Corn Looking at Strength on Friday Morning

Group 1 - Corn prices have increased by 2 to 3 cents in early Friday trading, following a pullback that extended the previous day's weakness, with contracts closing down by 2 to 3 cents [1] - The preliminary open interest in corn futures decreased by 2,176 contracts on Wednesday, indicating a reduction in market participation [1] - The national average cash corn price fell by another 3 cents, settling at $3.79 ¼ [1] Group 2 - The USDA's Export Sales report indicated that 1.23 million metric tons (MMT) of corn were sold for the 2025/26 marketing year in the week ending September 11, which is a 45.4% increase compared to the same week last year [2] - Notable sales included 419,200 MT to Mexico, 201,000 MT to South Korea, and 194,500 MT to Japan [2] Group 3 - Brazil's corn crop for the 2025/26 marketing year is projected at 138.28 MMT, a decrease of 1.42 MMT from the previous year, while acreage is expected to rise by 770,000 hectares to 22.63 million hectares [3] - Recent corn futures prices include December 25 closing at $4.23 3/4, March 26 at $4.41 1/2, and May 26 at $4.51 1/2, all showing a decline of 2 to 3 cents [3]