Corn futures are trading mixed, with September down ½ cent and other contracts 1 to 2 cents higher. The national average cash corn price is $3.65. USDA reported a private export sale of 124,000 MT of corn to unknown destinations. Export inspections data showed 1.05 MMT of corn shipped, down 30.99% from the previous week.
The ProFarmer crop tour started with mixed yields. Managed money spec funds in corn futures added 2,364 contracts to their net short position. AgRural estimates the second corn crop at 94% harvested in the central south region. Corn prices are currently at $3.83 1/4 for Sep 25, down 1/2 cent.
Read more at Yahoo Finance: Corn Holding Steady on Monday
