Corn futures closed on Friday, with most contracts gaining between a fractional and 2.5 cents, while July corn dropped by 0.25 cents. The CmdtyView national average cash corn price rose by 0.5 cents to $4.12 3/4.
In the week ending April 14, managed money reduced its net long position in corn by 59,149 contracts, bringing the total to 159,483 contracts. Additionally, corn export commitments reached 72.79 million metric tons (MMT) as of April 9, marking a 29% increase from the previous year, which represents 87% of the USDA’s export projection for 2025/26.
