Corn value motion is agency to fractionally increased thus far on Monday morning. Futures posted 2 to 9 cent losses throughout the board on Friday with cash popping out at month-end. July fell 16 ½ cents final week. Open curiosity was up 4,456 contracts, with 11,644 contracts exiting July. The CmdtyView nationwide common Money Corn value was down 9 1/2 cents to $4.07 ½.
USDA Export Gross sales knowledge from Friday confirmed 1.015 MMT of corn bought for 2025/26 within the week of Might 21. That was down 52.2% from final week however nonetheless 10.8% above the identical week final yr. Mexico was the highest purchaser of 435,900 MT, with 251,500 MT bought to Colombia and 118,300 MT to Japan. New crop enterprise was tallied at a advertising and marketing yr excessive of 618,594 MT. the majority of that was to Mexico at 249,900 MT and unknown locations at 197,500 MT. Gathered new crop enterprise is now 2.953 MMT, down simply 1.6% from the identical interval final yr.
Extra Information from Barchart
CFTC knowledge from Friday afternoon confirmed managed cash slashing 87,850 contracts from their internet lengthy place in corn futures & choices within the week that ended on Might 26. That took the online lengthy to 205,504 contracts as of Tuesday.
Jul 26 Corn closed at $4.46 3/4, down 9 cents, at the moment up 1/4 cent
Close by Money was $4.07 1/2, down 9 1/2 cents,
Sep 26 Corn closed at $4.55 3/4, down 8 1/2 cents, at the moment unch
Dec 26 Corn closed at $4.75, down 7 1/4 cents, at the moment unch
New Crop Money was $4.26 3/4, down 8 3/4 cents,
On the date of publication, Austin Schroeder didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions. This text was initially printed on Barchart.com