Corn Bulls Take Money Off the Table Ahead of the Three-Day Weekend

Corn futures declined on the eve of a long weekend, with prices falling fractionally to 4 cents as December's value increased slightly throughout the week. Investors likely pulled funds ahead of the holiday, contributing to the downturn. The CmdtyView national average Cash Corn price dropped 4 cents to $4.91 1/2. The market observed closure on Monday for the Labor Day holiday.

Friday's CFTC data revealed managed money amassed the largest reported net long position in corn futures and options on record, with 431,062 contracts as of September 1. This represented a 54,549 contract increase due to shorts exiting and longs rising. Coffee Prices Consolidate Above Thursday's Lows. Markets move swiftly; stay informed by subscribing to Barchart's FREE midday Barchart Brief newsletter for exclusive charts, analysis, and headlines.

USDA Export Sales data from Thursday indicated old crop export commitments at 86.93 MMT, which exceeded the same week's figure from the previous year by 24% and aligned with the USDA projection at 101%. New crop corn export commitments stood at 14.443 MMT, representing a 30.9% increase over the same period last year. This accounted for 17.4% of the current USDA forecast for 2026/27.

On September 26, Brazilian export data revealed 4.655 MMT of corn shipped, showing a significant uptick compared to the previous month but still 32.03% lower than 2025 exports. As of publication, Austin Schroeder held no positions in the securities mentioned in this article. All information and data contained herein are provided for informational purposes only.