Corn futures closed lower on Friday, with December down 2 ¼ cents for the week. Export Sales data showed old crop reductions and new crop business above last year’s levels. The CFTC report revealed spec traders cutting their net short position by 19,199 contracts. The US/Japan trade deal finalized with Japan committing to increase purchases of US agricultural goods by $8 billion annually. Corn prices closed lower on Friday: Sep 25 Corn at $3.99, Dec 25 Corn at $4.18, and Mar 26 Corn at $4.36 1/2. New Crop Cash was $3.73 1/8.

Read more at Yahoo Finance: Corn Slip into Friday’s Close