Corn Dec '24 (ZCZ24)
Corn Futures Market News and Commentary
Corn futures closed with contracts steady to fractionally higher at the close. The CmdtyView national average Cash Corn price was unchanged at $4.09 1/2.
USDA reported a private export sale of 286,097 MT of corn to Mexico, with 29,808 MT for 2026/27 and 256,289 for 2027/28
Ahead of the August Crop Production report from NASS next Wednesday, a Reuters survey of analysts shows expected yield at 182.4 bushels per acre, with a range of 180.5 to 184.8 bpa. Production is estimated at 15.934 bbu, as harvested acres are expected to be trimmed by 76,000 acres.
CFTC data released on Friday afternoon showed managed money adding just 13,547 contracts to their net long in corn futures and options in the week of 8/4. The net long was at 181,946 contracts as of Tuesday.
Export Sales data from USDA updated on Thursday showed old crop corn commitments at 87.09 MMT, 23% ahead of the same period last year. With a month left in the reporting period for 2025/26 they are 103% of... Read more
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