Corn prices held steady to a penny lower in Monday morning trade, following losses of 4 to 5 cents on Friday. Export Sales data shows a 31% increase in total corn export commitments compared to last year. USDA’s WASDE report is expected to show no major changes to US ending stocks, with an average guess of 2.215 bbu. CFTC data revealed a decrease in the spec net short position in corn futures and options. Brazil’s corn harvest progress is ahead of last year’s pace.
Read more at Yahoo Finance: Corn Slipping on Monday Morning
