Corn Bulls Showing Black Friday Gains, as Export Business Remains Strong

Group 1 - Corn futures are experiencing midday gains of 2 to 5 cents, with the December futures seeing 80 deliveries issued by an ADM customer on the first notice day [1] - The CmdtyView national average Cash Corn price has increased by 8 ¼ cents, reaching $4.12 [1] - A private export sale of 273,988 MT of corn was reported by USDA to unknown destinations [1] Group 2 - The USDA's Export Sales report for the week ending October 16 shows 2.82 MMT of corn sold for the 2025/26 marketing year, surpassing the estimate of 1.4-2.5 MMT [2] - An additional 571,502 MT was reported for the 2026/27 marketing year, aligning with the trade estimates of 0.5-1 MMT [2] - Combined sales of 3.394 MMT represent the largest in exactly a year, although still below the 4.183 MMT from the same week last year [2] - Total export commitments are currently 42.9% above last year at 33.56 MMT, equivalent to 1.32 billion bushels, marking a record high for the current week [2] Group 3 - Sales data for the week ending October 23 is anticipated to show corn bookings between 1.1-2.5 MMT [3] - December 25 Corn is priced at $4.36 ½, reflecting an increase of 4 ¾ cents, while Nearby Cash is at $4.12 1/1, up 8 ¼ cents [3] - March 26 Corn is at $4.47 ½, up 2 ¼ cents, and May 26 Corn is at $4.55 ½, up 2 ½ cents [3]