US corn futures ended Friday with slight losses: September fell by 1.75 US cents to 382.75 US cents/bushel and ended the week down a total of 6.75 US cents. December also fell by 1.50 US cents to 405.50 US cents/bushel.
On the fundamental side, a USDA announcement about the sale of 125,000 tons of corn from the 2025/26 harvest to unknown destinations attracted attention, but was unable to provide lasting support for the market. In the run-up to the Crop Production Report, analysts expect average production of 15.995 billion bushels. This would be 290 million bushels higher than the last WASDE estimate and looks bearish.
On the export side, US commitments for the old crop are 70.621 million tons, 101% of the USDA forecast. Actual shipments reach 62.89 million tons, which is 90% of the target and below the usual 93%. While the sales figures are supporting sentiment somewhat, traders are clearly looking ahead to the USDA figures in the new week.
On Euronext, corn for November closed €1.25 lower at €191.25/t.
