Corn price action is up 5 to 6 cents so far on Friday morning trade. Futures faded lower on Thursday, as contracts were down 3 to 4 cents at the final bell. Preliminary open interest was down 4,597 contracts on Thursday. The CmdtyView national average Cash Corn price is $3.88 ½, with new crop at $3.79 1/2, down 3 ¼ cents. Spill over pressure from wheat was a factor.
The weather pattern for the next week continues to be a wet one from the Dakotas and Iowa to the Eastern Corn Belt. The forecast also calls for above normal temps for late July is parts of the country.
