International Corn Market

15-Mar-2025 08:24 AM

International Corn Market
The USDA reported this morning that during the reporting period, a private export sale of 218,604 metric tons of corn was made to an unknown destination.
According to the weekly CFTC report, during the week ending March 11, speculators reduced their total net long position in corn futures and options by 73,211 contracts. This brought their net long position down to 146,541 contracts, marking a total decrease of 190,913 contracts over the past two weeks.
Meanwhile, commercial traders reduced their large net short positions by 77,711 contracts, primarily due to new long positions initiated by commercial buyers.
Overnight, two separate importers from South Korea purchased a total of 207,000 metric tons of corn.