Corn Ticking Higher on Monday Morning

Corn prices are trading with 1 to 2 cent gains on Monday morning. Futures closed the Friday session with contracts fractionally to 2 cents higher, as that eased the weekly loss in the December contract to 6 ¼ cents. Open interest was up 18,644 contracts on Friday, as 30,857 contracts were rolling out of December, mostly to the March (up 30,567). The CmdtyView national average Cash Corn price was up 1 3/4 cents at $4.06. 

USDA reported a private export sale of 101,000 MT of corn to unknown destinations on Friday morning, all for 2026/27.

Weekly CFTC Commitment of Traders data showed managed money in corn futures and options flipping to a net short of 22,900 contracts in the week of November 3, That was a bear move of 78,843 contracts on the week, as the outright longs took their level to the lowest since January.

The monthly NASS Crop Production report will be released on Tuesday, with traders looking for corn yield to be trimmed by 0.6 bushel per acre, at 180.6 bpa according to a Bloomberg survey. Production is estimated to be cut by 54 million bushels to 15.98 billion bushels. USDA’s WASDE report is expected to show US ending stocks down 3 mbu to 1.846 bbu. 

Corn exports out of Brazil in October totaled 5.69 MMT per the country’s trade data. That was a 9.21% increase from September but down 12.44% from the same month last year. AgRural estimates the Brazilian first corn crop at 71% planted near the 72% pace from last year.

APK-Inform estimates the Ukrainian corn crop at 29.1 MMT, down 2.7 MMT from their previous number.

Dec 26 Corn  closed at $4.41 1/2, up 1 1/2 cents, currently up 1 1/2 cents

Nearby Cash  was $4.06, up 1 3/4 cents,

Mar 27 Corn  closed at $4.55 1/4, up 3/4 cent, currently up 1 1/4 cents

May 27 Corn  closed at $4.63 1/2, up 1/4 cent, currently up 1 1/4 cents

Dec 27 Corn  closed at $4.85 1/4, up 1 3/4 cents, currently down 1/2 cent

New Crop Cash  was $4.48 3/4, up 1 3/4 cents,

On the date of publication, Austin Schroeder did not directly have a position 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.