International Corn Market

17-May-2025 08:06 AM

International Corn Market
The Commitment of Traders report released Friday afternoon showed that managed money speculative funds shifted from a net long to a net short position. During the week ending May 13, they made a bearish move of 98,869 contracts, bringing their total net short position to 84,976 contracts.
Rain is expected across most parts of the Corn Belt in the coming week. While planting is slower in some parts of the East, the rain is generally considered beneficial for the crop that has already been planted.
According to export sales data, total commitments now stand at 62.088 million metric tons, which is 94% of USDA’s export projection that was increased on Monday. Normally, export bookings would be at 95% by this point in the year. Actual exports reported by FAS are 45.015 MMT, which is 68% of the USDA figure and slightly ahead of the 66% average pace.