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Corn futures closed the Friday session with contracts up 3 to 4 ½ cents across the board, as July was down 9 cents on the week, with December losing 5 ½ cents.
The CmdtyView national average Cash Corn price was up 3 3/4 cents to $4.30 3/4.
The weekly CFTC Commitment of Traders report from Friday showed managed money increasing their net long in corn futures and options by 79,822 contracts to 343,925 contracts as of Tuesday.
Commercials were increasing their net short by 108,804 contracts to 663,170 contracts.
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USDA’s Export Sales data has marketing year corn export commitments at 77.063 MMT, a 28% increase from the same period last year.
That is 92% of the USDA export projection and lags the 5-year average sales pace by just 2 percentage points.
Shipments of 56.14 MMT are now 29% ahead of year and is 67% of the USDA number and 3% ahead of the average shipping pace.
The May WASDE report will be released next Tuesday, with traders looking for old crop corn stocks estimated at 2.13 billion bushels vs.
The first 2026/27 US balance sheet will be released for the World Ag Outlook Board, with analysts surveyed by Bloomberg at an average of 1.942 bbu and a range of 1.776-2.11 bbu.
A South Korean importer purchased 136,000 MT of corn in a tender overnight.
| Product | Price | Change |
|---|---|---|
| Brent Crude | $102.14/bbl | ▲ +0.34% |
| WTI Crude | $96.90/bbl | ▲ +0.21% |
| EN590 Diesel | $846/MT | ▲ +0.18% |
| Jet Fuel A-1 | $1090/MT | ▲ +0.55% |
| Mazut M100 | $450/MT | ▼ -0.15% |
| Bitumen 60/70 | $470/MT | ▲ +0.08% |
| Sulphur Gran 99.5% | $470/MT | ▼ -0.44% |
| Urea 46% Gran | $650/MT | ▲ +1.12% |
| NPK 16-16-16 | $460/MT | ▼ -0.28% |
| Nat Gas TTF | $15.42/MMBtu | ▲ +0.92% |
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