Corn prices are slightly lower today, with futures down 4 to 6 cents. March closed last week with a 4 cent loss. Open interest saw an increase of 17,121 contracts. The national average cash corn price is at $3.96 3/4.
Export Sales data is expected to show 1.1-2.2 MMT in corn sales for the week ending on 11/20.
CFTC data released shows managed money is now net long by 38,127 contracts, a 77,650 contract increase from the previous week.
Cash corn prices are down to $3.96 3/4, a decrease of 5 1/2 cents.
March 26 Corn closes at $4.40 3/4, down 5 3/4 cents, currently down 1/2 cent.
May 26 Corn closes at $4.49, down 5 1/4 cents, currently down 1/4 cent.
Read more at Yahoo Finance: Corn Starting Monday with Fractional Losses
