Corn futures closed slightly lower on Friday, with December down 4 ¾ cents for the week. The national average Cash Corn price was $3.87 1/4. USDA reported 463.44 million bushels of corn used for ethanol in August, up 1.2% from July. Managed money had a net short position of 141,966 contracts in corn futures. The Argentina corn crop is 37.3% planted, behind last year’s progress, with a 79% excellent to normal rating. Corn prices closed lower on Friday, with Dec 25 Corn at $4.25 1/2 and Nearby Cash at $3.87 1/4.

Read more at Yahoo Finance: Corn Slips into the Weekend