Corn price action is down 2 to 3 cents early in Monday. Futures closed the Friday session with contracts fractionally to a penny lower in the nearbys. Open interest rose 4,880 contracts. March corn was up 6 ¼ cents on the short week. The CmdtyView national average Cash Corn price was down a penny to $4.06 3/4.
Futures got some spillover weakness from crude oil losses of $1.45/barrel. Thin trade for the shorter session after Christmas likely also had an impact. Crude oil is up $1.40/barrel this morning, though there is little spillover to speak of with corns weakness.
