Corn Pushing Back Higher Coming out of the Long Weekend

Corn price action is fractionally to a penny so far on Tuesday morning Futures slipped lower ahead of the long weekend, with contracts fractionally to 4 cents in the red, as December was just a tick higher over the course of the week. Money flow out ahead of the holiday weekend was likely a factor. Open interest was up just 715 contracts on Friday, with December dropping 8,727 contracts. There were no deliveries issued against September corn overnight. The CmdtyView national average Cash Corn price was down 4 cents at $4.91 1/2. 

Friday’s CFTC data showed managed money exploding to their largest reported net long in corn futures and options as of September 1 at 431,062 contracts. That was an increase of 54,549 contracts via shorts exiting and longs increasing.

Brazilian export data was released on Friday, with a total of 4.655 MMT of corn shipped in August. That was well above the previous month but down 32.03% from the 2025.

Sep 26 Corn  closed at $5.12, down 3 1/4 cents, currently up 1 cent

Nearby Cash  was $4.91 1/2, down 4 cents,

Dec 26 Corn  closed at $5.36 3/4, down 4 cents, currently up 1/2 cent

Mar 27 Corn  closed at $5.52 1/4, down 3 3/4 cents, currently up 1/2 cent

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.