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Barchart
Barchart
Austin Schroeder

Corn Showing Fractional Losses on Friday Morning

CmdtyView

Corn price action is down fractionally to a penny so far. Futures closed the Thursday session with contracts 5 to 6 cents lower. Preliminary open interest was up 4,258 contracts on Thursday, with the roll out of March beginning.  The CmdtyView national average Cash Corn price was up 5 1/2 cents at $4.02 3/4. Continued strength in soybeans and meal are spilled over to corn.

The average close so far this week for December futures has been $4.57. The average close for February is used for the spring base crop insurance price, with last year at $4.70.

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