International Corn Market

12-Apr-2025 08:07 AM

International Corn Market
(Week Ending April 8)
According to data from the Commodity Futures Trading Commission (CFTC), speculators reduced their total net long positions in corn futures and options by 3,181 contracts during the week ending April 8. This brings the total net long position down to 53,576 contracts. The reduction was primarily due to an increase in short positions.
Commercial traders, on the other hand, reduced their net short positions by 4,933 contracts, bringing their total to 331,811 contracts.
Export sales data released on Thursday shows that total corn export commitments have reached 55.019 million metric tons (MMT). This accounts for 85% of the USDA's new export estimate of 2.55 billion bushels. While this pace is slightly behind the five-year average, it is ahead of last year’s pace of 81% at the same time. Actual shipments represent 56% of the new estimate, which is ahead of the average pace of 53%.