Corn May '25 (ZCK25)
Corn Futures Market News and Commentary
Corn futures posted 2 to 9 cent losses across the board on Friday with money coming out at month-end. July fell 16 ½ cents this week. Crude Oil was a pressure factor, down $1.14/bbl, money was flowing out ahead of the weekend, with the President looking over the proposed agreement between the US and Iran. The CmdtyView national average Cash Corn price was down 9 1/2 cents to $4.07 ½.
USDA Export Sales data from this morning showed 1.015 MMT of corn sold for 2025/26 in the week of May 21. That was down 52.2% from last week but still 10.8% above the same week last year. Mexico was the top buyer of 435,900 MT, with 251,500 MT sold to Colombia and 118,300 MT to Japan. New crop business was tallied at a marketing year high of 618,594 MT. the bulk of that was to Mexico at 249,900 MT and unknown destinations at 197,500 MT. Accumulated new crop business is now 2.953 MMT, down just 1.6% from the same period last year.Â
CFTC data from Friday afternoon showed managed money slashing... Read more
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