Corn futures are showing 3 to 4 cent losses in the front months on Friday. The CmdtyView national average Cash Corn price is down 3 3/4 cents to $4.23. Export Sales data from Thursday brought the marketing year corn export commitments to 67.658 MMT, which is 30% larger than the same period last year. That is 81% of USDA’s export number and near the 82% average pace. Shipments at 43.46 MMT are now 52% of USDA’s number and running ahead of the 45% average pace. More News from Barchart The Buenos Aires Gr ...

Corn price action is down 2 to 4 cents so far on Monday morning. Futures rounded out the Friday session with contracts steady in some deferreds to 4 ¾ cents higher in the front months as March expired. Preliminary open interest was up 19,008 contracts on Friday. May closed the week with a 6 ¾ cent gain from on the week. The CmdtyView national average Cash Corn price was up 4 3/4 cents to $4.24 1/4. Crude oil is down $1.76 this morning. The weekly Commitment of Traders report from CFTC showed a total of 1 ...

Group 1 - Corn futures have decreased by 3 to 4.5 cents in the front months, with the CmdtyView national average cash corn price at $3.97, down 4.75 cents [1] - The average close for December futures this week is $4.57, while the February average close, which is used for spring base crop insurance, was $4.70 last year [1] Group 2 - Total corn export commitments stand at 58.735 million metric tons (MMT), which is 31% higher than the same period last year, representing 72% of the USDA's export projection [2] Group 3 - The USDA's WASDE report is expected next Tuesday, with no major changes anticipated for the US ending stocks, with an average trade guess of 2.215 billion bushels (bbu) [3] - StatsCanada reported corn stocks at 10.95 MMT as of December 31, reflecting a 3.3% decrease from the previous year [3]

Core Insights - Corn futures are experiencing midday losses of 1 to 2 1/4 cents, influenced by a decline in crude oil prices [1] - The national average cash corn price has decreased by 2 1/4 cents to $4.04 1/4 [1] - Export sales data indicates total corn export commitments at 47.579 million metric tons (MMT) as of December 11, which is 31% higher than the previous year and represents 59% of USDA's record projection [2] - Actual corn shipments are at 28% of the USDA's projection, surpassing the 19% five-year average [2] Market Data - March 26 corn futures are priced at $4.48 3/4, down 2 1/4 cents [2] - Nearby cash corn is at $4.04 1/4, down 2 1/4 cents [2] - May 26 corn futures are at $4.57 1/4, down 1 3/4 cents, while July 26 corn futures are at $4.63 1/4, down 1 1/4 cents [2]