The corn market closed Friday with contracts blended, as nearbys had been up 1 ½ cents and new crop December down ¾ cent. Might was down 3 ½ cents on the week. The close by CmdtyView nationwide common Money Corn worth was up 1 1/2 cents at $4.52 3/4. 

USDA reported a non-public export sale of 235,000 MT of corn to Mexico this morning, with 130,000 MT for 2024/25 and 105,000 MT for 2025/26.

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CFTC Dedication of Merchants knowledge confirmed spec funds pulling again from their internet lengthy place by 11,768 contracts within the week ending on April 22. They took that internet lengthy to 112,805 contracts by Tuesday.

Based on experiences, Japan is considering growing the imports of US corn as a part of some commerce negotiations. They usually supply 60-70% of their wants from the US. Nonetheless, they’re the second largest purchaser of US corn thus far this yr at 10.09 MMT.

Export Gross sales knowledge has whole corn commitments now reaching 57.734 MMT, which is 26% above the identical time final yr. That’s 89% of USDA’s projection, behind the 92% common export gross sales tempo. 

Might 25 Corn  closed at $4.78 3/4, up 1 1/2 cents,

Close by Money  was $4.52 3/4, up 1 1/2 cents,

Jul 25 Corn  closed at $4.85 1/2, up 1 1/2 cents,

Dec 25 Corn  closed at $4.55 3/4, down 3/4 cent,

New Crop Money  was $4.18 3/8, down 1 3/4 cents,

On the date of publication,

Austin Schroeder

didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions. For extra info please view the Barchart Disclosure Coverage

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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.