Corn Rallies into the Weekend

Group 1 - Corn futures experienced gains ranging from 3 ¾ to 8 ¼ cents, with May corn up 12 cents for the week and December corn up 15 cents [1] - The national average Cash Corn price increased by 6 ½ cents to $4.18 ¼ [1] - Total corn export commitments reached 64.982 million metric tons (MMT), representing 78% of the USDA export projection, matching the average sales pace [2] Group 2 - Actual corn exports amounted to 40.024 MMT, which is 48% of the USDA's forecast and ahead of the 40% average shipping pace [2] - Speculative funds shifted to a net long position in corn futures and options, totaling 52,974 contracts, marking a net increase of 66,841 contracts for the week, the largest net long position since April [3] - March 26 corn closed at $4.47, up 5 ½ cents, while May 26 corn closed at $4.60 ½, up 7 cents, and July 26 corn closed at $4.71, up 8 ¼ cents [3]