Corn futures closed the Thursday session with contracts up 4 to 4 ½ cents across the front months. Bulls were battling back after spillover pressure from the other grains earlier this week. The CmdtyView national average Cash Corn price was up 4 cents to $4.00 3/4. Export Sales data was updated for the week of 11/27 this morning, with 1.792 MMT sold in that week, on the higher side of trade estimates of between 1-2 MMT of corn sales. That was a 3-week low but still 3.5% above the same week last year. Mo ...

Corn futures found weaker trade on Monday as traders were squaring up ahead of a Tuesday USDA report. Contracts were down fractionally to 2 cents. The CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.98 1/4. Export Inspections data showed corn at 1.453 MT (57.2 mbu) shipped in the week that ended on December 4. That was a drop of 10.89% from the week prior but up 36% from same week last year. Mexico was the top destination of 520,691 MT, with 310,828 MT to Japan and 81,209 MT to Taiwa ...

Corn futures are showing losses of 5 to 6 cents across most contracts on Wednesday. The CmdtyView national average Cash Corn price is down 5 1/2 cents at $3.99 3/4. Weekly EIA data from this morning showed a record ethanol production total in the week ending on November 28, totaling 1.126 million barrels per day, a 13,000 bpd increase wk/wk. Stocks of ethanol rose 543,000 barrels to 22.511 million. That came as the 48,000 bpd increase to exports (170,000 bpd) wasn’t enough to offset the increased output a ...

Corn futures are back down 2 to 3 cents across most contracts on Monday. There were 64 deliveries issued against December corn on Friday night. The CmdtyView national average Cash Corn price is back down today at $3.99 ¼. This morning’s Export Inspections report showed a total of 1.421 MMT (55.95 mbu) of corn shipped in the week of 11/27. That was 49.79% above the same week last year but a drop of 16.18% from last week’s total. Japan was the largest buyer of 431,700 MT, with 330,150 MT shipped to Mexico a ...

Market Overview - Corn futures are experiencing slight increases, with contracts up 1 to 2 ¼ cents on Wednesday morning, following a mixed close on Tuesday [1] - The CmdtyView national average Cash Corn price rose by 1/4 cent to $3.88, with the market closing for Thanksgiving on Thursday and reopening at 8:30 CST on Friday [1] Export Sales Data - Export Sales data revealed a total of 1.327 million metric tons (MMT) of corn sold for the week of October 9, which is a 4-week low and below the same week last year, with expectations ranging from 0.9 to 2.5 MMT [2] CFTC Data and Positions - Delayed CFTC data from the week of October 14 indicated that managed money held a net short position of 191,055 contracts in corn futures and options, an increase of 49,089 contracts [3] - Commercial positions decreased their net short by 37,930 contracts, resulting in a net short of just 13,776 contracts, while long positions were increasing [3] Brazilian Corn Exports - Brazilian corn exports for November are projected to reach 6.11 MMT, which is a decrease of 0.25 MMT from the previous week [3] Futures Prices - December 25 Corn closed at $4.23 1/2, down 1/4 cent, but is currently up 2 ¼ cents; Nearby Cash is at $3.88, up 1/4 cent [4] - March 26 Corn closed at $4.38 1/4, up 1 1/2 cents, and May 26 Corn closed at $4.46 3/4, up 2 1/2 cents [4]

Group 1: Corn Market Overview - Corn futures closed higher on Monday, with nearby contracts showing fractional increases. The CmdtyView national average cash corn price rose by one cent to $3.81 1/2. The average close for December corn futures was $4.19, with less than two weeks remaining for harvest price discovery for crop insurance [1]. - The Export Inspections report indicated that 1.317 million metric tons (MMT) of corn were shipped in the week of October 16, marking an 8.9% increase from the previous week and a 31.62% rise compared to the same week last year. Mexico was the largest buyer, importing 443,141 MT, followed by Japan with 207,621 MT and Spain with 201,101 MT. The total corn shipped for the marketing year reached 9.338 MMT, which is 60.61% higher than the same period last year [2]. Group 2: International Trade and Planting Progress - President Trump threatened to cut aid and increase tariffs for Colombia in response to drug flow, which could impact Colombia's status as a top buyer of US corn [3]. - Brazil's first corn crop is estimated to be 51% planted in the south center region, slightly ahead of the 48% pace from the previous year [3].

Market Overview - Corn futures are experiencing losses of 2 to 3 cents across most contracts, influenced by external pressures such as a rising US dollar index and a decline in crude oil prices by $1.01 per barrel [1] - The national average cash corn price has decreased by 2.5 cents to $3.77 1/4, while the average close for December futures this month stands at $4.20 [1] Export Data - Export sales data will not be reported due to a government shutdown, but traders anticipated corn sales between 1.2 to 2 million metric tons (MMT) for the week of October 2 [2] - Brazilian corn exports are estimated at 6 MMT for October, showing an increase from 5.67 MMT in October 2024 [2] Production and Pricing - China's CASDE report maintains the corn production estimate at 296.16 MMT, with imports reduced by 1 MMT to 6 MMT [3] - Current corn prices include December futures at $4.19 3/4 (down 2 1/4 cents), nearby cash at $3.77 1/4 (down 2 1/2 cents), March 2026 corn at $4.34 3/4 (down 3 cents), and May 2026 corn at $4.43 3/4 (down 2 1/2 cents) [3]

Core Insights - Corn futures are experiencing slight losses across most contracts, with the national average cash corn price at $3.78 1/2 [1] - The USDA's Crop Progress report was not released due to the government shutdown, with expectations for corn harvest completion at approximately 29% and conditions rated at 65% good/excellent, a decrease of 1% from the previous week [1] Group 1: Market Performance - December 25 Corn is priced at $4.21 1/4, down 1/2 cent, while nearby cash corn is at $3.78 1/2, up 2 1/2 cents [2] - March 26 Corn is at $4.37 1/2, down 3/4 cent, and May 26 Corn is at $4.46 1/4, down 1 cent [2] Group 2: Production Estimates - Analysts estimate corn yield at 185 bushels per acre (bpa), a decrease of 1.7 bpa from September, amid expectations of a suspended Crop Production report due to the government shutdown [2] - Brazilian corn exports in September reached 7.56 million metric tons (MMT), marking a 10.43% increase from August and a 17.77% increase compared to the previous year [2]

Core Insights - Corn futures experienced losses of 3 to 4 cents, with December futures down 2 cents this week, and the national average cash corn price decreased by 3.75 cents to $3.78 [1] Group 1: Market Positioning - Managed money increased their net short position in corn futures and options by 14,624 contracts as of September 23, resulting in a total net position of -94,675 contracts, primarily due to long liquidation [2] - Commercials reduced their net short position by 10,692 contracts to 97,598 contracts, indicating an increase in long positions for end-user hedging [2] Group 2: Export and Inventory Data - Corn export sale commitments reached 25.757 million metric tons (MMT), marking a record for the third week of the marketing year and 75% higher than the same week last year, representing 34% of the USDA's export projection [3] - Analysts expect the USDA to report 1.336 billion bushels (bbu) of corn on hand as of September 1, with estimates ranging from 1.26 to 1.45 bbu [3] Group 3: International Developments - A South Korean importer purchased 68,000 metric tons of corn in a recent tender, with the origin unspecified [4] - Argentina's agricultural ministry reported that the country's corn crop is 12% planted, ahead of the 9% from the previous year [4]

Group 1 - Corn futures experienced losses of 1 to 2 cents across most contracts, with the CmdtyView national average Cash Corn price down 2 cents at $3.80 1/4 [1] - A private export sale of 312,956 MT of corn to Mexico for the 2025/26 marketing year was reported by USDA [1] - Analysts anticipate export sales data for corn to range between 1 and 1.8 MMT for the week of September 18 [2] Group 2 - EIA data indicated ethanol production totaled 1.024 million barrels per day for the week of September 19, a decrease of 31,000 bpd, while stocks increased by 866,000 barrels to 23.468 million barrels [3] - Ethanol exports rose by 9,000 bpd to 112,000 bpd, and refiner inputs of ethanol fell by 22,000 bpd to 900,000 bpd [3] - Brazil's corn exports for September are estimated at 7.61 MMT, reflecting an increase of 0.49 MMT from previous estimates [3] Group 3 - December 25 Corn closed at $4.24 1/4, down 2 cents, while March 26 Corn closed at $4.41 and May 26 Corn at $4.50 1/4, both down 2 cents [4]