Corn prices are down 2 to 3 cents early on Monday morning. Futures posted gains of 2 to 3 ¾ cents across the front months on Friday’s short session, with December up a dime last week. Open interest was down 8,595 contracts on Friday. There were 64 deliveries issued against December corn on Friday night. The CmdtyView national average Cash Corn price was up 7 ¼ cents at $4.11. USDA’s delayed Export Sales report for the week ending on October 16 showed 2.82 MMT of corn sold for 2025/26. There was another 57 ...

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]