Corn prices are down 1 to 2 cents across most contracts on Friday morning. Futures posted lower trade across the front months on Thursday, with losses of 3 to 4 cents. Preliminary open interest was up 6,338 contracts on Thursday. The CmdtyView national average Cash Corn price was down 4 cents at $3.76 3/4. The average close for December futures so far this month remains at $4.20, as the 7 closes have ranged from $4.16 ½ to $4.22.
Outside pressure was a factor as the US dollar index hit a 2 month high and crude oil was down 98 cents/barrel. Crude is down another $1/barrel this morning.
