Corn International Market
According to CFTC Commitment of Traders data, Managed Money increased its net long position in corn futures and options by 1,671 contracts. As of September 15, its net long position stood at 426,842 contracts.
Ahead of next week’s meeting between President Trump and Chinese President Xi Jinping, the export market has remained quiet regarding corn sales to China.
According to Export Sales data updated on Thursday, 2026/27 corn export commitments stand at 17.4 MMT, down 27% from the same period last year. This represents 21% of the USDA export projection, compared with 28% at the same time last year and the 5-year average.
A couple of South Korean importers purchased a total of 130,000 MT of corn in an overnight tender, following 260,000 MT of sales on Thursday.
