Corn futures saw losses of 3 to 4 cents on Friday, with December dropping 2 cents for the week. The national average Cash Corn price was down to $3.78. Managed money increased their net short position by 14,624 contracts in corn futures and options. Export sales data shows a record of 25.757 MMT in corn export sale commitments, 75% higher than last year. Analysts predict 1.336 bbu of corn on hand as of September 1 for the September 30 Grain Stocks report. A South Korea importer bought 68,000 MT of corn, and Argentina’s corn crop is estimated at 12% planted.

Read more at Yahoo Finance: Corn Ends Friday in the Red