Corn Market Closes with Slightly Varied Results

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Corn futures traded mixed on Friday, with December contracts declining by 6 cents from the previous week, while the CmdtyView national average cash corn price rose by ¼ cent to $3.80 ½. The USDA reported a private export sale of 206,460 metric tons of corn for the 2025/26 period to unknown destinations.

The CFTC’s Commitment of Traders report, as of September 16, indicated that speculators reduced their net short positions by 19,878 contracts to 80,051 contracts, while commercial positions increased by 15,920 contracts to 108,290 contracts. Additionally, Taiwan has committed to purchasing $10 billion in U.S. agricultural goods over the next four years, with past purchases averaging between $3.2 billion and $4.2 billion annually.

USDA’s export sales report noted total corn commitments at 23.833 million metric tons, marking an increase of 68% from last year, which represents 32% of the USDA’s export forecast compared to the 29% average rate.

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