Corn Bulls Starting the Week in a Jolly Mood

Group 1 - Corn prices have increased by 3 to 4 cents on Monday morning, with futures showing fractional losses across most contracts to close out the previous week [1] - The CmdtyView national average Cash Corn price decreased by ¾ cent to $3.99 [1] - The 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 indicates that spec traders in corn futures and options reduced their net long position by 13,552 contracts, resulting in a net long of 9,718 contracts as of the week ending December 9 [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 pegged at 25.37 million metric tons, both showing reductions [2]