S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico MarketThe corn market closed Friday with contracts mixed, as nearbys were up 1 ½ cents and new crop December down ¾ cent. May was down 3 ½ cents on the week. The nearby CmdtyView national average Cash Corn price was up 1 1/2 cents at $4.52 3/4.
USDA reported a private export sale of 235,000 MT of corn to Mexico this morning, with 130,000 MT for 2024/25 and 105,000 MT for 2025/26.
CFTC Commitment of Traders data showed spec funds pulling back from their net long position by 11,768 contracts in the week ending on April 22. They took that net long to 112,805 contracts by Tuesday.
According to reports, Japan is contemplating increasing the imports of US corn as part of some trade negotiations. They normally source 60-70% of their needs from the US. Still, they are the second largest buyer of US corn so far this year at 10.09 MMT.
Export Sales data has total corn commitments now reaching 57.734 MMT, which is 26% above the same time last year. That is 89% of USDA’s projection, behind the 92% average export sales pace.
May 25 Corn closed at $4.78 3/4, up 1 1/2 cents,
Nearby Cash was $4.52 3/4, up 1 1/2 cents,
Jul 25 Corn closed at $4.85 1/2, up 1 1/2 cents,
Dec 25 Corn closed at $4.55 3/4, down 3/4 cent,
New Crop Cash was $4.18 3/8, down 1 3/4 cents,
