Corn Closes Mixed on Friday
By: barchartnews|2025/05/02 22:45:01
0
Share
The corn market settled the Friday session with some bear spreading going on, as nearby contracts were down 3 to 4 cents and new crop December was up 3 cents. July was down 16 1⁄2 cents this week. The nearby CmdtyView national average Cash Corn price was down 3 at $4.39 3/4.Commitment of Traders data from CFTC showed a total of 41,476 contracts trimmed from the specs now smaller net long position. They held a net long of 71,329 contracts as of April 29. Commercials trimmed their net short by 18,426 contracts to 339,720 contracts.The weather forecast for next week shows spottier rain totals of around 1 inch in parts of MO, IL, and IN, with OH seeing some heavier totals. Areas south of that are expected to receive more. The WCB is looking drier, with much of NE, IA, WI, MN, and the Dakotas expected to receive little to no precipitation.USDA Export Sales data has old crop total commitments for corn exports at 58.749 MMT, which is now 91% of the USDA WASDE full year forecast, trailing the 5-year average sales pace of 94% but ahead of the 86% from last year. StoneX is projecting total Brazilian 2024/25 corn production at 132.4 MMT. Their second crop projection is estimated at 104.3 MMT, a 2.7 MMT increase from their previous estimate.May 25 Corn closed at $4.61 1/4, down 3 cents,Nearby Cash was $4.39 3/4, down 3 cents,Jul 25 Corn closed at $4.69, down 3 1/4 cents,Dec 25 Corn closed at $4.50 1/4, up 3 cents,New Crop Cash was $4.09 1/4, up 2 1/2 cents, On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
You may also like
Major Update for ChatGPT: Cross-Platform Functionality, One-Click Website Creation, and Lower Costs
BTC Challenges 64,000 After Breaking 63,000, Market Trading 'Manageable Risks'
As the Bubble Bursts, Who Dominates Attention in the AI Era? A 2026 Guide to Influential AI KOLs in China and the UK
Old Money in Crypto Shifts: Paradigm Raises $1.2 Billion, Half Bet on AI and Robotics
Bitdeer unveils $36M Nevada factory to shake up Bitcoin mining
Perplexity Fine-Tuned a Chinese AI Model to Match Claude Opus 4.8 at One-Third the Cost
Bank of Korea defends bank-first stablecoin plan amid bill deadlock
JPMorgan says bitcoin's main risk isn't Strategy, but blockchain adoption that doesn't benefit public chains and tokens
Fear & Greed Index Today: What Extreme Fear Means for Crypto, Stocks and Gold
The Crypto Fear & Greed Index has fallen to Extreme Fear as Tesla, Intel and the Nasdaq declined. See what it means for traders and explore stocks, crude oil and gold in the WEEX TradFi Trading Challenge.
Labour MPs Push to Make UK Crypto Donation Ban Permanent
Supreme Court ruling expanding Trump's authority over federal agencies raises questions for SEC, CFTC as crypto rulemaking advances
'Bottom building in progress': Analysts say bitcoin holder capitulation signals late-stage bear market
A Comprehensive Analysis: Starting from 1996, Who is Laying the Foundation for the Next Generation of Capital Markets
Luke Dashjr, the Biggest Anti-Spammer of Bitcoin, Inscribed Phrases on the Network in 2011
Whales bought 270,000 BTC while ETFs bled $7 billion. One side is wrong
The crypto IPO class of 2025-26 is down as much as 89%. Autopsy of a listing boom
Robinhood Chain Mining Guide: A Comprehensive Tutorial from Cross-Chain to Memecoin
BitGo CEO says single-digit percentages of bitcoin's supply are 'probably right' for large holders amid Strategy's sale
Major Update for ChatGPT: Cross-Platform Functionality, One-Click Website Creation, and Lower Costs
BTC Challenges 64,000 After Breaking 63,000, Market Trading 'Manageable Risks'
As the Bubble Bursts, Who Dominates Attention in the AI Era? A 2026 Guide to Influential AI KOLs in China and the UK
Old Money in Crypto Shifts: Paradigm Raises $1.2 Billion, Half Bet on AI and Robotics
Bitdeer unveils $36M Nevada factory to shake up Bitcoin mining
Perplexity Fine-Tuned a Chinese AI Model to Match Claude Opus 4.8 at One-Third the Cost
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com

