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Corn Easing Back from Holiday Trade with Losses
Yahoo Finance· 2025-12-01 13:37
Group 1 - Corn prices decreased by 2 to 3 cents early on Monday, with futures showing gains of 2 to 3 ¾ cents on Friday's session, and December corn up by 10 cents last week [1] - Open interest fell by 8,595 contracts on Friday, with 64 deliveries issued against December corn [1] - The national average Cash Corn price increased by 7 ¼ cents to $4.11 [1] Group 2 - The USDA's delayed Export Sales report for the week ending October 16 indicated 2.82 million metric tons (MMT) of corn sold for 2025/26 and 571,502 metric tons for 2026/27, totaling 3.394 MMT, the largest in a year but below last year's 4.183 MMT for the same week [2] - Total export commitments are 42.9% higher than last year at 33.56 MMT, equivalent to 1.32 billion bushels, marking a record high for the current week [2] Group 3 - Sales data for the week ending October 23 is anticipated, with traders expecting 1.1 to 2.5 MMT in corn bookings [3] - The Brazilian first corn crop is estimated to be 99% planted, surpassing last year's 97% pace [3] - December 25 Corn closed at $4.35 1/2, up 3 3/4 cents, while nearby cash was $4.11, up 7 1/4 cents [3]