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Corn 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. The CmdtyView national average Cash Corn price was down 4 cents at $4.91 1/2. The market will be closed on Monday for the Labor Day holiday.
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.
USDA Export Sales data from Thursday shows old crop export commitments at 86.93 MMT, which is 24% above the same week last year. That is 101% of the USDA export projection and inline with average. New crop corn export commitments are at 14.443 MMT, which is now 30.9% above the same time last year. That is 17.4% of the current USDA number for 2026/27.
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,
Nearby Cash was $4.91 1/2, down 4 cents,
Dec 26 Corn closed at $5.36 3/4, down 4 cents,
Mar 27 Corn closed at $5.52 1/4, down 3 3/4 cents,
