Corn Market Shows Steady Price Increases Amid Exports Rise

Corn prices are trending higher as bulls push the market up. This uptick is supported by an increase in export inspections, which showed significant year-over-year growth, indicating potential positive sentiment among investors.

Date: 25-03-2025

AI Rating: 7

Market Overview: The corn market has shown positive movement with midday prices increasing by up to 2 cents. The national average cash corn price is reported at $4.31, up 1 ¼ cents. This signal indicates a bullish trend in the market, which could attract investor interest.

Export Data: Export Inspections data highlights that corn shipments totaled 1.463 MMT (57.6 mbu) during the week ending March 20, marking a 16.57% increase year-over-year. The year-to-date export figure stands at 32.268 MMT (1.27 bbu), reflecting a robust 32% increase compared to the previous year.

Commitment of Traders Data: The latest weekly Commitment of Traders data reveals a decline in net long positions among managed money. The net long position decreased by 39,271 contracts to reach 107,270. This may indicate a shift in market sentiment among institutional players, which could be a point of concern for investors.

Brazil Crop Estimates: The report includes updates from Brazil, where AgRural estimates the safrinha corn crop at 87.9 MMT. This holds steady with previous estimates, although concerns about irregular rainfall have been raised. This could potentially affect future supply and pricing.

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