Corn prices are down 4 to 5 cents across the front months so far on Wednesday morning. Futures posted losses of a penny to 5 cents across the board on Tuesday, as the fund selling continues. Open interest was down 13,199 contracts in the front month December. The CmdtyView national average Cash Corn price as 4 3/4 lower cents at $4.23 3/4.
The average close for December corn in October has been $4.87, as the October is used to determine the harvest price option for crop insurance.