
Corn prices are trading with 1 to 2 cent losses early on Monday morning. Futures closed the Friday session with contracts up 6 to 7 cents across most front months. September was up 12 ½ cents on the week. Preliminary open interest on Friday was up 10,834 contracts, indicating the short covering was limited, with some fresh longs. The CmdtyView national average Cash Corn price was $3.95, up 6 ½ cents.
Commitment of Traders data showed managed money covering some shorts in the week ending on July 15, with their net short down 29,106 contracts to 174,755 contracts. Commercials added 10,113 contracts to their net short position to 40,294 contracts.