Corn futures closed on May 26 with contracts rising 1 to 2 cents, as July increased by 7.5 cents over the week, reaching $4.63 1/4. The CBoT will remain closed on May 29 for Memorial Day, reopening on May 30. The CmdtyView national average cash corn price also saw a rise to $4.23 1/2.
During the week ending May 19, managed money reduced their net long position by 6,129 contracts, totaling 293,354 contracts in corn futures and options. USDA reported that 79.873 million metric tons of corn were sold for the 2025/26 marketing year—a 26% increase from the same period last year, approaching 95% of the USDA’s export target.
Additionally, South Korean importers purchased 203,000 metric tons of optional origin corn in recent tenders.
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