Corn price action is down 2 to 3 ½ cents as trade resumes on Tuesday morning. Futures posted fractional gains on Friday, as March managed to close the week with a 1 ½ cent gain. Preliminary open interest was up 5,808 contracts on Friday. The CmdtyView national average Cash Corn price was up 3/4 cent at $3.98 1/4. Large managed money speculators were trimming 20,576 contracts from their net short position as of February 10, with a net short of 48,210 contracts on Tuesday. More News from Barchart Export ...

Group 1 - Corn prices showed slight increases on Tuesday, with futures experiencing weaker trade on Monday ahead of a USDA report, resulting in a fractional decline of up to 2 cents [1] - Preliminary open interest decreased by 2,257 contracts, while the national average cash corn price fell by 1.25 cents to $3.98 1/4 [1] Group 2 - Export inspections data indicated that 1.453 million metric tons (MT) of corn were shipped in the week ending December 4, marking a 10.89% decrease from the previous week but a 36% increase year-over-year [2] - Mexico was the leading destination for corn exports, receiving 520,691 MT, followed by Japan with 310,828 MT and Taiwan with 81,209 MT [2] - Total marketing year shipments reached 20.63 million metric tons (MMT), reflecting a 69.36% year-over-year increase [2] Group 3 - The USDA's catchup report for export sales revealed that only 979,525 MT of corn were sold in the week ending November 6, which is the lowest for the marketing year [3] - Analysts expect the upcoming WASDE report to show U.S. corn ending stocks at 2.145 billion bushels, a decrease of 9 million bushels from the previous report [3] - A South Korean importer purchased 132,000 MT of corn in a recent tender, although the origin of the corn was not disclosed [3] Group 4 - As of December 25, corn futures closed at $4.36 1/4, down 0.5 cents, while nearby cash prices were at $3.98 1/4, down 1.25 cents [4] - March 2026 corn futures closed at $4.43 3/4, down 1 cent, and May 2026 futures closed at $4.51 1/4, also down 1 cent [4]

Group 1 - Corn prices are showing steady to 2 cents higher trade on Thursday morning after posting losses of 5 to 7 cents across most contracts at the close on Wednesday [1] - Open interest decreased by 10,627 contracts midweek, indicating some long positions were taken for profits [1] - The national average Cash Corn price fell by 6.5 cents to $3.98 3/4 [1] Group 2 - Weekly EIA data revealed a record ethanol production of 1.126 million barrels per day for the week ending November 28, marking a week-over-week increase of 13,000 barrels per day [2] - Ethanol stocks rose by 543,000 barrels to a total of 22.511 million barrels, while exports increased by 48,000 barrels per day to 170,000 barrels per day [2] - Refiner inputs of ethanol dropped by 28,000 barrels per day to 857,000 barrels per day [2] Group 3 - Export sales for corn during the week of October 30 are anticipated to be between 0.8 to 2.5 million metric tons [3] - December 25 Corn closed at $4.31 1/2, down 6.5 cents, while March 26 Corn closed at $4.43 1/2, also down 6.5 cents [4] - Nearby Cash Corn price was recorded at $3.98 3/4, down 6.5 cents, with May 26 Corn closing at $4.50 3/4, down 6.75 cents [4]

Price Action and Futures - Corn prices are steady to 1 ¼ cents higher on Tuesday, with futures showing a slight decline of 2 to 3 cents in the nearby contracts on Monday [1] - Preliminary open interest decreased by 8,707 contracts on Monday, primarily in the front two contracts [1] - The CmdtyView national average Cash Corn price has fallen to $3.99 [1] Export Inspections and Sales - The Export Inspections report indicated a total of 1.421 MMT (55.95 million bushels) of corn shipped in the week of 11/27, which is 49.79% higher than the same week last year but a decrease of 16.18% from the previous week [2] - Japan was the largest buyer, importing 431,700 MT, followed by Mexico with 330,150 MT and Colombia with 187,948 MT [2] - The total corn shipped for the marketing year now stands at 18.97 MMT (746.7 million bushels), representing a 70.69% increase compared to the same period last year [2] Export Sales Data - Export Sales data for the week ending on 10/23 showed a decline to 1.8 MMT, which is 36% lower than the previous week [3] - Accumulated sales, including both shipped and unshipped, are now 37% above last year at 35.37 MMT [3] - Specific closing prices for corn futures include Dec 25 at $4.32 3/4 (down 2 3/4 cents), Mar 26 at $4.45 (down 2 3/4 cents), and May 26 at $4.53 1/4 (down 2 1/2 cents) [3]

Market Overview - Corn prices are experiencing a slight decline of 1 to 2 cents early on Wednesday, following gains of 1 to 2 cents across most futures contracts on Tuesday [1] - The CmdtyView national average Cash Corn price increased by 2 cents to $3.98 1/4 [1] Crop Progress - The USDA's Crop Progress report indicates that 91% of the corn crop has been harvested as of November 16, which is behind the 94% average harvest pace over the last five years [2] Import Activity - A South Korean importer has purchased between 130,000 to 135,000 metric tons of corn in a tender on Tuesday, with the origin of the corn yet to be announced [3] Futures Market Data - December 25 Corn closed at $4.36 3/4, up 2 cents, but is currently down 2 cents - Nearby Cash Corn is at $3.98 1/4, up 2 cents - March 26 Corn closed at $4.49 1/2, up 1 1/2 cents, currently down 1 3/4 cents - May 26 Corn closed at $4.56 1/2, up 1 cent, currently down 1 1/2 cents [4]

Group 1 - Corn price action is showing fractional gains on Monday morning, with futures closing down 10 to 11.5 cents on Friday, but December futures gained 3 cents over the week [1] - The USDA's updated Crop Production report indicates a corn yield of 186 bushels per acre (bpa), a slight decrease of 0.7 bpa from September, resulting in a total output of 16.752 billion bushels (bbu) [2] - The 2024/25 carryout number increased by 207 million bushels (mbu) to 1.532 bbu, contributing to a total supply for 2025/26 of 18.309 bbu, which is 144 mbu higher than previously estimated [2] Group 2 - World corn ending stocks are estimated at 281.34 million metric tons (MMT), reflecting a reduction of 0.06 MMT from the September report, primarily due to a decrease in China's estimates [3] - The USDA reported a backlog of flash sale announcements from October 1 to November 12, totaling 4.915 MMT, with 4.367 MMT for the current marketing year [3] - AgRural estimates that the Brazilian first corn crop is 85% planted, which is below the 87% from the same period last year [4]