Corn futures dropped 3 to 4 ½ cents with the national average cash corn price at $3.97. Export sales data reveals total commitments at 58.735 MMT, up 31% from last year. USDA’s WASDE report next Tuesday is expected to show no major changes to US ending stocks, with an average projection of 2.215 bbu. StatsCanada data indicates corn stocks at 10.95 MMT, down 3.3% from the previous year. Mar 26 Corn is at $4.30 ½, Nearby Cash at $3.97, May 26 Corn at $4.39, Jul 26 Corn at $4.45 ½.
Read more at Yahoo Finance: Corn Falling Back on Friday
