Corn Futures Dip on Monday Morning Amid Month-End Pressure

Corn futures are experiencing modest losses on Monday morning as August comes to a close. The month-end pressure may play a role in today's price action, which could be influenced by the final trade day of the month.

The September contracts rallied by 28 ¼ cents last week, while December contracts rose by 2.8 cents. Open interest increased by 35,585 contracts on Friday.

Friday's CFTC data showed managed money in corn futures and options adding a total of 126,008 contracts to their net long position as of August 25. This brings the net long position to 376,513 contracts, which is the largest since April 2022 but still short of the record going back to 2006.

The marketing year for corn ends on Monday, and export sales data shows corn commitments for 2025/26 at 87.758 MMT, which is 102% of the USDA export projection and in line with last year's sale pace. The accumulated sales new crop for 2026/27 are at 12.458 MMT, down 33.6% from the same week a year ago but still the 4th largest for the current week going back 30 years.