Corn Closes Friday with Fractional Losses

Group 1 - Corn futures experienced fractional losses across most contracts, with March closing the week up by 3 cents [1] - The national average Cash Corn price decreased by ¾ cent to $3.99 [1] - The upcoming USDA Export Sales report is expected to show corn sales between 1.2-2.4 million metric tons for the week ending on December 4 [1] Group 2 - CFTC data for the week ending December 9 revealed that spec traders reduced their net long position in corn futures and options by 13,552 contracts, resulting in a net long of 9,718 contracts [2] - Safras has revised the 2025/26 Brazilian corn crop estimate to 142.88 million metric tons, which is a reduction of 0.68 million metric tons from the previous estimate [2] - The second crop of Brazilian corn is estimated at 101.79 million metric tons, while the first crop is estimated at 25.37 million metric tons, both showing reductions [2]