Corn futures closed the Friday session with contracts fractionally to 2 cents higher, as that eased the weekly loss in the December contract to 6 ¼ cents. The CmdtyView national average Cash Corn price was up 1 3/4 cents at $4.06.
USDA reported a private export sale of 101,000 MT of corn to unknown destinations this morning, all for 2026/27.
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Weekly CFTC Commitment of Traders data showed managed money in corn futures and options flipping to a net short of 22,900 contracts in the week of November 3, That was a bear move of 78,843 contracts on the week, as the outright longs took their level to the lowest since January.
USDA’s Export Sales report from Thursday shows accumulated corn sales for 2026/27 (shipped and unshipped) at 24.79 MMT, down 34% from the year prior. That is 30% of the USDA export projection and lags the 5-year average pace by 41%.
The monthly NASS Crop Production report will be released on Tuesday, with traders looking for corn yield to be trimmed by 0.6 bushel per acre, at 180.6 bpa according to a Bloomberg survey. Production is estimated to be cut by 54 million bushels to 15.98 billion bushels. USDA’s WASDE report is expected to show US ending stocks down 3 mbu to 1.846 bbu.
Corn exports out of Brazil in October totaled 5.69 MMT per the country’s trade data. That was a 9.21% increase from September but down 12.44% from the same month last year.
Dec 26 Corn closed at $4.41 1/2, up 1 1/2 cents,
Nearby Cash was $4.06, up 1 3/4 cents,
Mar 27 Corn closed at $4.55 1/4, up 3/4 cent,
May 27 Corn closed at $4.63 1/2, up 1/4 cent,
Dec 27 Corn closed at $4.85 1/4, up 1 3/4 cents,
New Crop Cash was $4.48 3/4, up 1 3/4 cents,
On the date of publication, Austin Schroeder did not directly have a position in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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