Corn futures fell on Friday, with September contracts down 4.5 cents to close at $3.89 1/2, and December contracts dropping 3 cents to $4.10 3/4. For the week, September fell 10 cents and December dropped 8 1/4 cents. The national average Cash Corn price decreased by 3.5 cents to $3.73 1/2, according to CmdtyView.
This week’s private export sales included 125,000 metric tons to unknown locations and another 227,160 metric tons for unknown destinations, both for the 2025/26 crop year, bringing total flash sales to 1.147 million metric tons for the new crop. Additionally, Grain Crushing data showed June’s corn used for ethanol was 447.97 million bushels, up 0.8% from May and 0.41% compared to June 2024.
CFTC data indicated an increase in speculative funds’ net short position in corn, with 3,820 contracts added, resulting in a total of 181,185 contracts by July 29.
