Corn futures posted fractional losses across most contracts to close out the Friday session. March closed the week with a 3 cent gain. The CmdtyView national average Cash Corn price was down ¾ cent to $3.99.
We will get another USDA Export Sales report update on Monday, with traders looking for 1.2-2.4 MMT of corn sold in the week ending on 12/4.
CFTC data as of the week ending on 12/9 was released this afternoon, with spec traders in corn futures and options trimming 13,552 contracts from the net long position in that week to a net long of just 9,718 contracts.
Safras estimates the 2025/26 Brazilian corn crop at 142.88 MMT, which is 0.68 below the prior estimate. The second crop is pegged at 101.79 MMT, with the first crop at 25.37 MMT, both getting a reduction.
Mar 26 Corn closed at $4.43 3/4, down 3/4 cent,
Nearby Cash was $3.99, down 3/4 cent,
May 26 Corn closed at $4.51 1/2, down 3/4 cent,
Jul 26 Corn closed at $4.57 1/2, down 1/2 cent,
