Corn futures failed to see much buying post-USDA data release on Friday, as futures slipped into the close with losses of 3 to 5 cents. September closed out the week with a loss of 24 ¼ cents, as December was down 24 ¾. The front month CmdtyView national average Cash Corn price was down 3 cents at $3.82 1/4. Late on Thursday, President Trump announced a 35% tariff on Canadian goods excluding USMCA compliant products starting on August 1.
Rains are in the forecast for the next week in the Central Corn Belt, with the northern part of the ECB nearly 1 inch.
