Corn Falling Out of the Three-Day Weekend

Group 1 - Corn prices are experiencing a decline of 2 to 3 ½ cents as trading resumes, with futures showing fractional gains on the previous Friday, closing with a 1 ½ cent gain for March contracts [1] - The national average Cash Corn price increased by ¾ cent to $3.98 1/4, while large managed money speculators reduced their net short position by 20,576 contracts, resulting in a net short of 48,210 contracts as of February 10 [1] Group 2 - Export sales data indicates corn commitments of shipped and unshipped sales at 60.805 million metric tons (MMT), reflecting a 31% increase from the previous year, which accounts for 73% of the USDA's full-year export projection [2] - Brazil's first corn crop is reported to be 22% harvested, trailing behind last year's pace of 29%, while the second crop planting is currently at 31% completion, below the 36% pace recorded in 2025 [2] Group 3 - As of the latest trading data, March 26 Corn closed at $4.31 3/4, up ½ cent, while nearby cash prices were at $3.98 1/4, up ¾ cent; May 26 Corn closed at $4.42, up ¼ cent, and July 26 Corn closed at $4.50, also up ¼ cent [3]