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Barchart

Austin Schroeder

Corn Starting Monday with Gains

Corn price action is up 3 to 4 cents early on Monday morning. Futures posted mixed trade, with contracts down ½ cent to 2 cents higher. Mar was up 6 ¼ cents on the week, with December up 7 ¼ cents. Open interest was down 20,505 contracts on Friday, with a majority (51,997) coming in May. The CmdtyView national average Cash Corn price was down 1/2 cent at $4.20 3/4.

Commitment of Traders data showed spec funds with a total of 24,923 contracts added back to their net long position in the week ending on April 21. That took their net long to 184,406 contracts.

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