Corn futures closed out the Friday session with blended motion, as nearbys have been inside a penny of unchanged. September managed a 4 ½ cent achieve this week, with December up 6 ¼ cents. The CmdtyView nationwide common Money Corn value was up 1 cent at $3.70.
USDA reported a pair personal export gross sales of 119,769 MT of corn to Costa Rica and 140,452 MT to Spain this morning all for 2025/26.
Don’t Miss a Day: From crude oil to espresso, enroll free for Barchart’s best-in-class commodity evaluation.
After this week’s crop tour confirmed most states’ yield above final yr, ProFarmer pegged the 2025 nationwide yield at 182.7 bpa, with manufacturing at 16.204 billion bushels. That’s down from 188.8 bpa and 16.742 bbu from USDA’s August Crop Manufacturing report.
CFTC information confirmed speculators in corn futures and choices reducing 31,464 contracts from their web quick place as of August 19 to a web wanting 144,650 contracts. Commercials added 25,041 contracts to their web quick place by Tuesday to 57,745 contracts.
Export Gross sales information has previous crop US corn export commitments at 70.505 MMT, which is 98% of the USDA estimate and lags the 103% common gross sales tempo. New crop enterprise has reached 16.69 MMT, which is greater than double the identical week final yr and inside 2 MMT of the 2021/22 advertising yr, which is the present document shopping for tempo for the following advertising yr.
Sep 25 Corn closed at $3.88 1/4, up 1 cent,
Close by Money was $3.70, up 1 cent,
Dec 25 Corn closed at $4.11 1/2, down 1/4 cent,
Mar 26 Corn closed at $4.28 3/4, down 1 cent,
New Crop Money was $3.68 1/4, up 3/4 cent,
On the date of publication,
Austin Schroeder
didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and information on this article is solely for informational functions.
For extra info please view the Barchart Disclosure Coverage
right here.
Extra information from Barchart
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.