Corn futures slipped lower into the Friday close, failing to hold the midday gains. Contracts were fractionally to 2 cents lower across most contracts, as December was 2 ¼ cents lower on the week. The CmdtyView national average Cash Corn price was down 2 at $3.73 ¼.
Export Sales data from this morning showed net reductions of 280,943 MT for old crop, a MY low, but normal for the last full week of the marketing year. New crop business was tallied at 2.117 MMT, which was 1.3% above last week and 16.2% above the same week last year. The largest buyer during that week was Mexico at 511,800 MT, with 478,700 MT purchased by Columbian buyers, and 320,500 MT sold to unknown.
