Corn futures slipped 4-5 cents across the front months Friday as December contracts expire today (six deliveries issued overnight); the CmdtyView national average cash corn fell 4.75¢ to $3.97¾, with Dec-25 at $4.32½, Mar-26 at $4.41¾ and May-26 at $4.49¾. USDA-recorded private export sales totaled 250,000 tonnes to unknown destinations, and traders are focused on a Monday catch-up in Export Sales data where expectations run 1.1–2.2 MMT for the week ended 11/20, a report that could steer near-term price direction.
Corn futures softened by 4–5 cents across front months on Friday with December contracts expiring today; six deliveries were issued overnight and the CmdtyView national average cash corn fell 4.75¢ to $3.97¾. Specific front-month levels were Dec-25 $4.32½ (down 2.75¢), nearby cash $3.97¾ (down 4.75¢), Mar-26 $4.41¾ (down 4.75¢) and May-26 $4.49¾ (down 4.5¢), indicating uniform short-term weakness across the curve. USDA-reported private export sales of 250,000 metric tons to unknown destinations were logged this morning, and market attention is on a Monday export-sales catch-up where traders forecast 1.1–2.2 MMT for the week ending 11/20. The modest private sale and the pending larger weekly report create a potential catalyst for near-term price direction, with outcomes likely to amplify existing downside pressure or provide relief if receipts surprise to the upside. The tone is mildly negative and the combination of contract expiry, delivered supplies and uncertain export demand elevates technical and flow-driven volatility in the next 48 hours. For holders of nearby positions, the principal risks are expiry-related mechanics and weaker-than-expected export confirmations; deferred contracts moved lower as well but may offer lower rollover risk for maintaining exposure beyond the settlement window.
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mildly negative
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-0.25
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