Corn Slipping Again to Start Monday Trade

Core Insights - Corn prices have decreased by 2 to 2 ½ cents early on Monday, with futures showing losses of 3 to 4 cents across the front months on Friday, and December corn slipping back 2 cents last week [1] - Managed money has added back 14,624 contracts to their net short position in corn futures and options, resulting in a net position of -94,675 contracts, primarily due to long liquidation [2] - Corn export sale commitments reached a record 25.757 million metric tons (MMT), which is 75% higher than the same week last year, representing 34% of the USDA export projection [3] Price Movements - December corn closed at $4.22, down 3 ¾ cents, while the nearby cash price was $3.78, also down 3 ¾ cents [4] - March 2026 corn closed at $4.38 ¾, down 3 ½ cents, and May 2026 corn closed at $4.48, down 3 ¼ cents [4] Planting Progress - Brazil's first corn crop in the center-south region is reported to be 32% planted as of Thursday [4] Inventory Expectations - Analysts expect the USDA to report 1.336 billion bushels (bbu) of corn on hand as of September 1, with estimates ranging from 1.26 to 1.45 bbu [3]