Corn Futures Hold Steady as Demand and Speculators Pull in Opposite Direction

[MDDODO]

CORN made headlines this month with a 50k USDT prize pool event hosted on BingX, but beyond the trading buzz the broader futures market is showing a more measured picture. December corn has been moving within a narrow band of $4.25 to $4.31 per bushel, briefly touching $4.30¾ before easing as sellers stepped back in.

Export demand is offering some support, with over 1.2 million metric tons booked for the week ending September 11, while large speculators remain heavily net short at nearly 100,000 contracts. Weather in the U.S. Midwest added early concerns, yet harvest activity so far has not been significantly disrupted. This tug of war between stronger buying interest and bearish positioning is keeping prices in consolidation, with the next move likely to hinge on yield reports and sustained international demand.

Do you see corn breaking out toward the $4.35–$4.40 zone, or slipping back to test support near $4.20?