Corn futures are experiencing mixed trade on Monday after closing lower on Friday, with contracts down 4-5.25 cents and December futures 6 cents lower last week, a decline supported by a significant increase in preliminary open interest suggesting new selling pressure. The national average cash corn price also fell by a nickel to $3.71 3/4. Internationally, Argentina's corn crop is 26% planted and Brazil's is 45% complete in the central south region, while domestic harvest may face slowdowns due to expected heavier rainfall.
The corn market is experiencing mixed trade on Monday, following significant pressure on Friday where contracts closed down 4 to 5 ¼ cents, with December futures falling 6 cents last week. This downward trend was reinforced by a substantial increase of 22,267 contracts in preliminary open interest on Friday, indicating net new selling pressure. The CmdtyView national average Cash Corn price also declined by a nickel to $3.71 3/4, reflecting broader weakness. December 2025 corn futures closed at $4.13, down 5 1/4 cents, while March 2026 and May 2026 contracts also saw declines. Domestically, harvest progress may be impeded in the coming week due to anticipated heavier rainfall in the East Central Belt, potentially impacting near-term supply dynamics. Internationally, Argentina's corn crop is 26% planted, and Brazil's central south region crop is 45% complete, providing context for global supply. The overall sentiment for corn is moderately negative, as evidenced by the price declines and increased selling activity. The average December futures price of $4.19 is relevant for crop insurance harvest price determination. The combination of technical selling, cash price weakness, and potential domestic harvest delays suggests continued near-term headwinds for corn prices, despite ongoing international planting.
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Overall Sentiment
moderately negative
Sentiment Score
-0.45
Ticker Sentiment
