US corn futures showed little movement on Friday and closed close to the previous day's level. December futures gained 0.25 US cents to 424.00 US cents/bushel, while March lost 0.25 US cents to 441.25 US cents/bushel. On a weekly basis, however, December remains under pressure with a drop of 6 US cents.
An export deal provided fresh impetus: in the morning, the USDA announced the sale of 206,460 tons of corn from the 2025/26 harvest to unknown buyers. Even more significant was the announcement from Washington that Taiwan has agreed to buy US agricultural goods worth 10 billion dollars over the next four years. Corn was explicitly mentioned. By comparison, Taiwan's purchases over the past five years have totaled between 3.2 and 4.2 billion dollars annually.
The USDA's weekly export figures also underpin the demand. At 23.833 million tons so far, total commitments are 68 percent above last year's figure and mark the second best result for this calendar week. This corresponds to 32 percent of the USDA forecast.
On Euronext, however, maize fell by €2.00 to €187.50 per tonne for November.
