Corn Futures Dip as Traders Adjust Positions Ahead of Weekend

Corn futures are experiencing midday declines this Friday, with prices down by 3 to 7 cents across most contracts as traders look to secure profits before the weekend. Today marks the expiration of March options, contributing to this market activity. The CmdtyView national average Cash Corn price has also fallen, down 5 ¾ cents to $4.60 1/2.

Export Sales Provide Mixed Signals for Corn

This morning’s Export Sales report indicated that 1.454 million metric tons (MMT) of corn were sold in the week ending February 13. This figure is close to the upper range of analysts’ estimates, which were between 0.9 and 1.6 MMT. Despite a decrease of 11.8% from the previous week, this total represents a notable increase of 77.2% compared to the same week in 2024. The primary buyers included Mexico, with 546,800 MT, followed by Japan and Spain, with sales of 457,400 MT and 185,500 MT, respectively.

Argentina’s Crop Condition Shows Improvement

According to the Buenos Aires Grains Exchange, the condition of the Argentine corn crop is being assessed as 19% excellent, which is an increase of 3% from the previous week, all of which came at the expense of crops previously rated as poor.

Corn Futures Prices Overview

Mar 25 Corn is priced at $4.92 1/4, down 5 3/4 cents. Nearby Cash is at $4.60 1/2, also down 5 3/4 cents. May 25 Corn is at $5.06, down 6 3/4 cents, while Dec 25 Corn stands at $4.75 3/4, down 3 3/4 cents.

New Crop Cash is currently at $4.44 1/2, decreasing by 4 1/2 cents.

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 are solely for informational purposes. For more information, please view the Barchart Disclosure Policy here.

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