Corn futures are trying to hold steady on Tuesday, with contracts steady to a penny lower in the nearbys, and deferreds fractionally higher. The CmdtyView national average Cash Corn price was down a penny at $3.86. Export Inspections data showed corn shipments at 1.484 MMT (58.4 mbu) shipped in the week that ended on January 15. That was down 1.35% from the week prior, and 3.81% below the same week last year. Mexico was the top destination of 401,809 MT, with 252,324 MT to Colombia and 243,588 MT to Japan ...

Group 1: Cotton Market Overview - Cotton futures are experiencing gains of 3 to 5 points at midday, with March futures down 3 points [1] - USDA's Export Sales report indicated a total of 153,266 RB of cotton sold in the week ending on December 4, marking a 3-week high for sales but 10.19% lower than the same week last year [1] - Shipments for the same week were recorded at 101,577 RB, which is noted as a marketing year low [1] Group 2: Price and Auction Data - The 12/19 online auction from The Seam reported sales of 18,183 bales at an average price of 59.38 cents/lb [3] - The Cotlook A Index remained steady at 73.30 cents on December 19 [3] - ICE certified cotton stocks were unchanged at 12,396 bales [3] Group 3: Futures Prices - March 26 Cotton is priced at 63.72 cents, down 3 points [3] - May 26 Cotton is priced at 64.87 cents, up 3 points [3] - July 26 Cotton is priced at 65.91 cents, up 5 points [3] Group 4: CFTC Data - CFTC data revealed that managed money reduced their net short positions by 4,774 contracts, bringing the total to 55,013 contracts for the week ending on 12/9 [2]

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]

Core Insights - Corn futures experienced slight increases, with December contracts up ¼ cent and deferred contracts up 2 ½ cents, indicating a return of carry into the market [1] - The national average cash corn price rose by ¼ cent to $3.88, reflecting a stable market ahead of the Thanksgiving holiday [1] - Export sales data revealed a total of 1.327 million metric tons (MMT) of corn sold in the week of October 9, which is a four-week low and below the same week last year [2] Market Positioning - Managed money held a net short position of 191,055 contracts in corn futures and options as of October 14, with an increase of 49,089 contracts from the previous week [3] - South Korean importers purchased at least 324,000 MT of corn, with expectations of 68,000 MT coming from the US, indicating ongoing international demand [3] Price Movements - December 25 corn closed at $4.23 ½, down ¼ cent, while March 26 corn closed at $4.38 ¼, up 1 ½ cents, and May 26 corn closed at $4.46 ¾, up 2 ½ cents, showing varied price movements across different contracts [4]