International Corn Market

22-Mar-2025 08:52 AM

International Corn Market
According to the weekly Commitment of Traders (COT) data, in the week ending March 18, managed money reduced its net long positions in corn futures and options by 39,271 contracts. As of Tuesday, their net long position stood at 107,270 contracts, significantly lower than the 364,217 contracts at the beginning of February.
Meanwhile, commercial traders cut their short positions, reducing their net short position by 38,690 contracts to 422,760.
For the 2024/25 crop year, total export sales commitments have reached 52.031 million metric tons (MMT), which is 25% higher than the same period last year. This represents 84% of the USDA’s export forecast and is one percentage point ahead of the five-year average pace.