Corn prices experienced a loss of 4 to 5 cents on Tuesday morning, following a decline in crude oil prices, which dropped $3.85. On Friday, July corn futures closed at $4.63 1/4, with a small gain of 1 cent but currently down 5 cents. Private export sales included 493,700 metric tons (MT) to Mexico and 110,000 MT to an unknown destination.
The USDA reported 79.873 million metric tons of corn sold for the 2025/26 marketing year, 26% higher than the previous year and close to the USDA’s export forecast. Managed money reduced their net long position in corn futures and options by 6,129 contracts, bringing the total to 293,354 contracts as of May 19.
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