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 the USDA forecasts and ahead of the pace from each of the last three years. New crop accumulated sales are now 9.65 MMT, which lags the same pace from last year by 18.1%. That is still the 4th largest forward book for this week on record.
Sep 26 Corn closed at $4.39, unch,
Nearby Cash was $4.09 1/2, unch,
Dec 26 Corn closed at $4.62, unch,
Mar 27 Corn closed at $4.77 3/4, up 1/4 cent,
New Crop Cash was $4.12, unch,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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