Corn Futures Decline Amid Weekend Trading Ahead of Expiry
Corn futures traded lower midday Friday, with most contracts shedding 3 to 7 cents ahead of the weekend session. March options contracts with expirations today saw heightened activity as traders adjusted positions. Cash corn prices on the Chicago Board of Trade fell 5¾ cents to $4.60½ per bushel according to the Cboe Grains National Average Cash Price Service.
Export sales from the week ending February 13 reported 1.454 million metric tons sold for corn, surpassing the lower bound of analyst forecasts ranging from 0.9 to 1.6 MMT. Week-over-week, exports decreased 11.8% but maintained 77.2% growth compared to the same period in 2024. Key destinations included Mexico (546,800 MT), Japan (457,400 MT), and Spain (185,500 MT).
Argentina’s corn harvest outlook improved per the Buenos Aires Grains Exchange, with grading for “excellent” quality corn rising 3% week-over-week to 19%, eliminating all low-grade classifications that stood at 30% the prior reporting period.
Futures contracts show:
Mar 25 Corn: $4.92¼ (−5¾c)
Nearby Cash: $4.60½ (−5¾c)
May 25 Corn: $5.06 (−6¾c)
Dec 25 Corn: $4.75¾ (−3¾c)
New Crop Cash: $4.44½ (−4½c)
As of publication date, Austin Schroeder held no direct or indirect positions in commodities or derivatives referenced in this report. This information is for educational purposes only and not investment advice. For compliance details visit our Disclosure Policy.
Additional Barchart research tracking grain markets published alongside this article.
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