Corn futures experienced losses of 2 to 9 cents on Friday, with July contracts down 16.5 cents for the week. This decline was influenced by a broader sell-off in commodities, particularly crude oil, which fell $1.14 per barrel as investors repositioned ahead of the weekend. The national average cash corn price decreased by 9.5 cents to $4.07.
USDA Export Sales data revealed that 1.015 million metric tons of corn were sold for the 2025/26 season, a significant drop of 52.2% from the previous week but still 10.8% higher than the same week last year. Mexico was the leading buyer, purchasing 435,900 MT, while managed money cut their net long position in corn futures by 87,850 contracts, bringing the total to 205,504 contracts.
Market professionals should note the implications of reduced export sales and the shift in managed money positions, as these factors could signal further volatility in corn prices and influence trading strategies in the agricultural sector.
Source: nasdaq.com