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Austin Schroeder

Corn Pulls Off Early Lows, but Still Faces Friday Losses

Corn futures closed out the Friday session with contracts down 1 ¼ to 3 ¾ cents at the close. May settled Friday, with the weekly loss at 11 ¼ cents, as December fell 9 cents on the week. The CmdtyView national average Cash Corn price was down 2 cents at $4.02 1/2. Crude oil was down $2.24 on the day, as risk was taken off the table ahead of the US/Iran talks this weekend.

USDA reported a private export sale of 126,640 MT of corn to unknown destinations this morning.

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