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Corn Closes Higher on Friday as CFTC Data Shows Spec Longs Flooding In
Yahoo Finance· 2026-03-13 22:00
Group 1: Corn Futures and Prices - Corn futures ended the Friday session with contracts steady in some deferreds and up 4 ¾ cents in the front months, with May closing the week up 6 ¾ cents [1] - The national average Cash Corn price increased by 4 ¾ cents to $4.24 1/4 [1] - May 26 Corn closed at $4.67 1/4, Nearby Cash at $4.24 1/2, July 26 Corn at $4.78 1/4, and September 26 Corn at $4.79 1/4, all showing gains [4] Group 2: Commitment of Traders Report - The CFTC's weekly Commitment of Traders report indicated an addition of 140,297 contracts to the spec fund net long position, the largest bull move since May 2019, bringing the net position to 193,271 contracts [2] - Commercials increased their net short position by 143,803 contracts to a total of 477,414 contracts [2] Group 3: Export Sales Data - Marketing year corn export commitments reached 66.513 million metric tons (MMT), which is 32% larger than the same period last year, representing 79% of USDA's export number [3] - Shipments totaled 41.74 MMT, accounting for 50% of USDA's number and exceeding the 43% average pace [3] Group 4: Brazilian Corn Crop Estimates - CONAB estimates the Brazilian corn crop at 138.27 MMT, a decrease of 0.18 MMT from the previous month, with the first crop up to 26.7 MMT and the second crop trimmed to 108.43 MMT [4]