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Corn Falls into the Monday Close as Crude Retreats
Yahoo Finance· 2026-03-09 22:22
Group 1 - Corn futures decreased by 5 to 9.5 cents in the front months, with the CmdtyView national average Cash Corn price down 8 cents to $4.10 [1] - Crude oil prices fell by $5.85, marking a decline of over $33 from overnight highs, influenced by President Trump's indication that the ongoing conflict may be nearing an end [1] Group 2 - USDA's FGIS reported corn export shipments at 1.518 million metric tons (MMT) during the week ending March 5, which is 18.4% lower than the previous week and 17.7% lower than the same week last year [2] - Mexico was the leading destination for corn exports, receiving 497,964 MT, followed by Japan with 243,022 MT and Colombia with 203,726 MT [2] - Marketing year exports for 2025/26 reached 41.21 MMT since September 1, representing a 41.54% increase compared to the same period last year [2] Group 3 - The upcoming USDA's WASDE report is expected to show US corn ending stocks at 2.136 billion bushels, an increase of 9 million bushels if realized [3] - Brazilian corn production is projected to rise by approximately 1 MMT to 132.07 MMT, with the first corn crop 42% harvested, trailing behind last year's pace of 54% [3] - The second corn crop is reported to be 82% planted, lagging behind last year's 92% [3]
Corn Posting Tuesday AM Gains
Yahoo Finance· 2026-03-03 13:27
Price Movements - Corn prices have increased by 3 to 5 cents in the morning session, supported by a rise in crude oil prices, which are up $4.83 [1] - The nearby corn futures contracts closed down by 5.5 cents, while deferred new crop contracts saw a slight increase of 2.25 cents [1] - The CmdtyView national average cash corn price decreased by 1.5 cents to $4.05 3/4 [1] Export Data - Export inspections reported corn shipments at 1.858 million metric tons (73.17 million bushels) for the week ending February 26, marking an 8% decrease from the previous week but a 37.41% increase year-over-year [2] - Mexico was the leading destination for corn exports, receiving 521,921 metric tons, followed by South Korea with 269,686 metric tons and Japan with 221,965 metric tons [2] - Total marketing year shipments have reached 39.619 million metric tons (1.56 million bushels), reflecting a year-over-year increase of 42.29% [2] Ethanol Production - The USDA's Grain Crushing report indicated that 460.95 million bushels of corn were used for ethanol production in January, which is a decline of 1.49% from the previous year and down 4.5% from December's revised total [3] Brazilian Crop Estimates - Safras & Mercado has revised its estimate for the Brazilian corn crop down to 141.71 million metric tons, a decrease of 1.17 million metric tons from their previous estimate [4] - Conversely, StoneX has increased its estimate for the Brazilian corn crop to 136 million metric tons, up by 0.5 million metric tons [4] Market Prices - As of March 26, corn closed at $4.33 1/4, down 5.5 cents, but is currently up 4.75 cents [4] - Nearby cash corn is priced at $4.05 3/4, down 1.5 cents, while May and July 2026 corn contracts closed at $4.45 3/4 and $4.54 1/4, down 2.75 cents and 1.75 cents respectively, but are currently up by 5 cents [4]
Corn Slipping on Monday Morning
Yahoo Finance· 2026-02-09 13:36
Group 1 - Corn prices are steady to slightly lower, with futures experiencing losses of 4 to 5 cents on Friday, while March futures were up 2 cents last week [1] - The national average cash corn price decreased by 5 cents to $3.97 3/4, and the average close for December futures in February was $4.58, down from $4.70 last year [1] - Total corn export commitments reached 58.735 million metric tons (MMT), which is 31% higher than the same period last year, representing 72% of USDA's export projection [2] Group 2 - The USDA's WASDE report is expected to show no major changes to the US ending stocks number, with an average trade guess of 2.215 billion bushels [3] - Brazil's first corn crop is 15% harvested, ahead of last year's 19% pace, while the second crop planting has reached 22%, slightly ahead of the 20% pace from 2025 [4] - CFTC data indicated a reduction of 3,464 contracts from the spec net short position in corn futures and options, with the net short standing at 68,786 contracts as of February 3 [3]
Corn Starting February with Weakness
Yahoo Finance· 2026-02-02 13:31
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 ...
Corn Bulls Starting the Week in a Jolly Mood
Yahoo Finance· 2025-12-22 13:14
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]
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]
Corn Ticking a Penny Higher on Tuesday Morning
Yahoo Finance· 2025-11-25 13:32
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]
Corn Ticking Back Higher on Wednesday Morning
Yahoo Finance· 2025-10-22 12:25
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]
Corn Starting Off Monday with Losses
Yahoo Finance· 2025-09-22 12:40
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]
Corn Shrugging Off Overnight Weakness
Yahoo Finance· 2025-09-17 12:34
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]