Corn futures showed weakness on Friday, with September contracts down 6 ¾ cents for the week, and December slipping 5 ¼ cents. The national average Cash Corn price decreased by 1 3/4 cents to $3.65 1/2, while new crop cash is at $3.62, down 2 3/4 cents.
The USDA reported a private export sale of 125,000 MT of 2025/26 corn to unknown destinations. Analysts surveyed by Bloomberg predict a national corn yield average of 184.3 bushels per acre (bpa), with total production estimated at 15.995 billion bushels, up 290 million bushels from the previous month’s report.
The Commitment of Traders data indicated speculators reduced their net short positions by 7,435 contracts as of August 5, bringing the total to 173,750 contracts. Meanwhile, accumulated old crop corn export commitments now stand at 70.621 million metric tons, which is 101% of the USDA’s projection.
