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Corn futures edged higher on Friday, while December corn still posted a weekly loss. USDA reported a 101,000-tonne private corn sale for 2026/27, and CFTC data showed managed money moving to a net short position of 22,900 contracts.
Accumulated 2026/27 sales were reported 34% below the previous year's pace.
The private sale offers some demand support, but weak cumulative export sales and funds turning net short point to bearish pressure on corn prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.