Corn futures are slightly down on Monday, with the average Cash Corn price at $3.78. The USDA reported private sales of 135,660 MT of corn to Mexico and 110,668 MT to unknown destinations. The Export Inspections report showed a total of 1.527 MMT of corn shipped, with Mexico being the largest buyer.

Managed money added back 14,624 contracts to their net short position in corn futures and options. Analysts expect the September 30 Grain Stocks report to show 1.336 bbu of corn on hand as of September 1. Brazil’s first corn crop in the center-south region is 32% planted.

Dec 25 Corn is at $4.21 3/4, Nearby Cash is at $3.78, Mar 26 Corn is at $4.38 1/4, and May 26 Corn is at $4.47 1/2. No positions were held in the mentioned securities at the time of publication. This information is for informational purposes only.

Read more at Yahoo Finance: Corn Showing Fractional Midday Losses