On Monday morning, corn prices are slightly higher after a previous week of losses. Futures had fallen 2 to 9 cents on Friday, with July contracts down 16.5 cents for the week. The CmdtyView national average cash corn price is currently $4.07. Open interest rose by 4,456 contracts.
Data released by the USDA on Friday indicated that 1.015 million metric tons (MMT) of corn were sold for the 2025/26 marketing year during the week of May 21, a 52.2% decrease from the previous week but a 10.8% increase year-over-year. Mexico led purchases with 435,900 MT, while new crop business reached a marketing year high of 618,594 MT, primarily to Mexico and unknown destinations.
Additionally, the CFTC reported that managed money cut 87,850 contracts from their net long position in corn futures and options as of May 26, reducing the net long to 205,504 contracts.
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