Corn Slipping to Start Monday Trade

Corn terms enactment is down 1 to 2 cents arsenic we statesman Monday trade. Futures closed the Friday league with astir contracts fractionally to 2 ½ cents higher, shrugging disconnected aboriginal weakness. July was an exception, down ¼ cent. Open involvement was up 6,691 contracts connected Friday. The CmdtyView nationalist averageCash Corn terms was up 1/2 cent astatine $4.12 3/4.

Weekly Commitment of Traders information showed managed wealth slashing 59,149 contracts from their nett agelong presumption successful the week ending connected April 14, chiefly via caller abbreviated interest. That took the nett agelong to 159,483 contracts of futures and options.

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Export Sales information from past week took maize export commitments to 72.79 MMT arsenic of April 9, up 29% from a twelvemonth ago. That is 87% of the USDA export projection for 2025/26, which is lagging from the 90% mean pace. Shipments are present 50.52 MMT, 60% of USDA’s number, and up of the 56% pace.

May 26 Corn  closed astatine $4.48 3/4, up 1/4 cent, presently down 1 ¼ cents

Nearby Cash  was $4.12 3/4, up 1/2 cent,

Jul 26 Corn  closed astatine $4.57 1/2, down 1/4 cent, presently down 1 cents

Dec 26 Corn  closed astatine $4.77, up 1/4 cent, presently down 1 ¼ cents

New Crop Cash  was $4.34 1/1, up 1/4 cent,

On the day of publication, Austin Schroeder did not person (either straight oregon indirectly) positions successful immoderate of the securities mentioned successful this article. All accusation and information successful this nonfiction is solely for informational purposes. This nonfiction was originally published connected Barchart.com