Corn futures are trading lower at midday, with prices down 2 to 3 1/4 cents. The national average Cash Corn price is $3.91 1/2. Crude oil is down $3.48/barrel, while the US dollar index is up $0.586. Export Inspections report for corn shows 1.136 MMT shipped last week, 9.88% lower than the previous week. President Trump announced a successful call with India’s President Modi, lowering tariffs and agreeing to over $500 billion in US product purchases. Managed money speculators in corn futures reduced their net short position by 9,274 contracts. AgRural estimates Brazilian corn crop progress, with the first crop at 10% harvested and the second crop at 13% planted.

Read more at Yahoo Finance: Corn Slipping Lower at Monday’s Midday