International Corn Market

05-Apr-2025 08:18 AM

International Corn Market
According to the weekly Commitment of Traders (COT) data for the week ending April 1, managed money (investors) reduced their net long positions in corn futures and options by 17,850 contracts. As of Tuesday, the total net long position stood at just 56,757 contracts.
On the other hand, commercial traders (business entities) increased their long positions, resulting in a reduction of 32,261 contracts in their net short position, which now stands at 336,744 contracts.
According to export sales data, total commitments have reached 54.235 million metric tons (MMT) so far, which is 24% higher compared to the same period last year. This represents 87% of USDA's projected export target, slightly below the average pace of 88%.