
Corn prices are down 3 to 3 ½ cents so far on Monday morning. Futures rounded out Friday trade with contracts mixed within a penny of unchanged. December was still weaker last week, dropping 6 cents from last Friday. Preliminary open interest was up 9,133 contracts on Friday. The CmdtyView national average Cash Corn price was up ¼ cent at $3.80 1/2.
The Friday afternoon CFTC Commitment of Traders release showed a total of 19,878 contracts cut from the spec fund net short position as of September 16th to 80,051 contracts. Commercials did see an increase to their net short position by 15,920 contracts, to 108,290 contracts by Tuesday.