Corn prices are steady to a penny lower on Monday AM trade. Futures posted Friday losses of 4 to 5 cents across most contracts on Friday. March was still up 2 cents last week. Some money was coming out on Friday, with open interest down 23,476 contracts. Much of that was out of the March (40,580 contracts). The CmdtyView national average Cash Corn price was down 5 cents at $3.97 3/4. The average close for December futures in February has been $4.58, down from last year at $4.70. Export Sales data shows t ...

Corn prices are down 1 to 2 cents in the nearby contracts on Monday morning. Futures closed the Friday session with contracts pulling off midday lows but still down 2 to 4 cents. March was down 2 ¼ cents last week. Preliminary open interest was down 3,824 contracts on Friday. The CmdtyView national average Cash Corn price was down 2 cents at $3.93 1/4. Outside markets played a role on Friday, with the dollar index up $0.893. Commitment of Traders data from CFTC showed managed money speculators in corn fu ...

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]

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]

Core Insights - Corn prices have seen a slight increase, with futures trading up by as much as 2 cents, while the national average cash corn price decreased by ¾ cents to $3.87 ½ [1][4] - The final Crop Progress report indicates that 96% of the corn crop has been harvested, which is marginally below the 5-year average of 97% [2] - Corn export shipments for the week ending November 20 were recorded at 1.63 million metric tons (MMT), which is 20.98% lower than the previous week but 61.78% higher than the same week last year [3] Market Performance - Preliminary open interest in corn futures decreased by 26,666 contracts, primarily due to a drop in December contracts by 68,831, while March contracts increased by 36,536 [1] - The December 25 corn futures closed at $4.23 ¾, down 1 ¾ cents, while March 26 corn closed at $4.36 ¾, down ¾ cent [4] Export Activity - The marketing year exports for 2025/26 have reached 17.483 MMT since September 1, representing a significant 72% increase compared to the same period last year [3] - South Korean importers have purchased at least 324,000 MT of corn, with expectations of at least 68,000 MT coming from the US [4]

Group 1 - Corn prices are experiencing slight gains, with futures impacted by a decline of 3 to 4 cents in nearby contracts due to Turnaround Tuesday weakness [1] - The CmdtyView national average Cash Corn price decreased by 3 cents to $3.79 1/2 [1] - The average close for December corn futures is $4.19, with only 8 trading days left to secure a harvest crop insurance price above $4.16 from last year's fall price and below $4.70 from the spring [2] Group 2 - EIA data is anticipated to show steady ethanol production following last week's strong output [3] - Brazil's corn exports for October are estimated at 6.57 million metric tons, reflecting a slight increase of 0.11 million metric tons from previous estimates [3] - Brazilian corn ethanol production is projected to grow between 3 to 3.5 billion liters (792 to 925 million gallons) in the 2026/27 period, with expected increases in ethanol imports for 2025/26 [3] Group 3 - December 25 Corn closed at $4.19 3/4, down 3 1/2 cents, while nearby cash was at $3.79 1/2, also down 3 cents [4] - March 26 Corn closed at $4.33 3/4, down 3 1/4 cents, and May 26 Corn closed at $4.41 3/4, down 3 1/2 cents [4]

Core Insights - Corn prices have decreased by 3 to 3.5 cents on Monday morning, with December futures dropping 6 cents last week [1] - The USDA's Export Sales report indicates total corn commitments at 23.833 million metric tons (MMT), representing a 68% increase from the previous year and the second largest for that week on record [3] Price Movements - December corn futures closed at $4.24, down 1/4 cent, while nearby cash corn was at $3.80 1/2, up 1/4 cent [3] - March 2026 corn closed at $4.41 1/4, down 1/4 cent, and May 2026 corn closed at $4.51, down 1/2 cent [3] Market Positioning - The CFTC Commitment of Traders report showed a reduction of 19,878 contracts from the spec fund net short position, bringing it to 80,051 contracts as of September 16th [2] - Commercials increased their net short position by 15,920 contracts, totaling 108,290 contracts by Tuesday [2] Planting Progress - Brazil's first corn crop is reported to be 25% planted in the Center-South region as of last Thursday [3]

Core Insights - Corn prices are experiencing slight gains following a period of weaker trading, with futures showing increases of 5 to 6 ¼ cents across the front months [1] - The U.S. corn crop is currently 7% harvested, aligning with the 5-year average, but condition ratings have decreased by 1% to 67% good/excellent [2] - Early harvest reports indicate yields may be lower than last year, raising concerns about whether this trend will continue as harvesting progresses [3] Group 1: Market Performance - Futures prices for December 25 Corn closed at $4.29 1/2, up 6 1/4 cents, while March 26 Corn closed at $4.47, up 6 cents [3] - The CmdtyView national average Cash Corn price increased by 6 1/4 cents to $3.85 ¼ [1] Group 2: Crop Conditions - The Brugler500 index for corn conditions fell by 3 points to 372, with only Illinois, Nebraska, and Ohio showing improvements in crop conditions [2] - Significant declines in conditions were noted in Indiana (-7), Iowa (-4), Minnesota (-3), Missouri (-3), and North Dakota (-4) [2] Group 3: Export and Import Activity - ANEC estimates Brazilian corn exports for September at 7.12 million metric tons, slightly above previous estimates [3] - A private South Korean importer has purchased 65,000 metric tons of corn in a recent tender [3]