Corn price action is steady to 1 ½ cents lower so far out of the long weekend. Futures posted losses of 3 ½ to 5 ¾ cents across most contracts on Thursday, with July holding onto a 4 ¾ cent gain on the week. Open interest was down 16,767 contracts on Thursday, mainly in the July contract, down 28,838 contracts. The CmdtyView national average Cash Corn price was down 3 1/2 cents at $3.86 1/2.
USDA reported a daily private export sale of 285,775 MT of corn to Mexico last Thursday morning for new crop shipment.
