Corn futures closed the week with a slight loss on Friday, but still managed an 8 ¼ cent gain overall. Contracts were down ahead of Monday’s USDA report. The national average Cash Corn price was $4.07 1/4. US corn export commitments have increased by 30% from last year, totaling 50.895 MMT as of January 1. This represents 63% of the USDA’s current export projection for the marketing year and surpasses the average sales pace. South Korean importers bought 339,000 MT of corn in tenders overnight. The USDA will release the quarterly Grain Stocks report on Monday, with analysts expecting December 1 corn stocks to be around 12.962 bbu. CFTC data shows managed money trimming their net short in corn futures and options to 16,426 contracts as of January 6. Corn futures closed at $4.45 3/4 for Mar 26, $4.53 3/4 for May 26, and $4.60 1/4 for Jul 26.

Read more at Yahoo Finance: Corn Sees Slight Losses on Friday