Corn futures are trading with contracts back up 5 to 7 cents across most contracts to start a new week of trade. The corn market felt pressure on Friday after a lack luster export sales performance. Futures ended the session with contracts down 4 ¼ to 9 cents, as corn fell with much of the rest of the commodities. Preliminary open interest was down 10,143 contracts, suggesting some long liquidation. March was down 3 ¼ cents on the week. The national average Cash Corn price from cmdtyView was down 9 cents at $4.22 1/4.
Export Sales data from Friday morning tallied 776,992 MT in 2024/25 corn sales during the week of 12/26, coming in below the 0.8 to 1.4 MMT estimates. That was also down 54.6% from last week and the second lowest for the MY. Mexico was the largest destination of 292,500 MT, with 179,100 MT sold to Japan.
Mar 25 Corn closed at $4.50 3/4, down 8 3/4 cents, currently up 6 1/2 cents
Nearby Cash was $4.22 1/4, down 9 cents,
May 25 Corn closed at $4.58 1/4, down 9 cents, currently up 6 1/2 cents
Jul 25 Corn closed at $4.61 1/4, down 9 cents, currently up 6 1/4 cents
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions 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. More news from Barchart- Is Cotton Going Higher in 2025?
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