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Market Impact: 0.2

Corn Falling Back on Friday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEconomic DataTrade Policy & Supply ChainMarket Technicals & Flows

Corn futures eased 2–4 cents midday Friday, with the CmdtyView national average cash corn down 3 1/4 cents to $4.21 1/4. USDA Export Sales reported old-crop corn commitments at 68.875 MMT, described as a 30% improvement. Price moves are modest into the weekend and, while export data supports demand, the information is unlikely to drive large near-term market moves.

Analysis

Corn futures eased 2–4 cents midday Friday, with the CmdtyView national average cash corn down 3 1/4 cents to $4.21 1/4. USDA Export Sales reported old-crop corn commitments at 68.875 MMT, described as a 30% improvement. Price moves are modest into the weekend and, while export data supports demand, the information is unlikely to drive large near-term market moves.

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