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Barchart

Austin Schroeder

Corn Trying to Push Back Higher on Monday AM Trade

United States USDA

Corn prices are 3 to 4 cents higher so far on Monday morning. Futures fell under pressure on Friday, with contracts down 1 ½ to 5 ¼ cents across the board. Open interest was up 6,412 contracts, suggesting some new short interest. December collapsed last week for a 30 ½ cent loss, of 5.77%. The CmdtyView national average Cash Corn price was down 2 1/4 cents at $4.59.

USDA reported a private export sale of 218,600 MT of corn to Mexico last Friday morning, with 173,800 MT for 26/27, 22,400 MT for 27/28 and 22,400 MT for 28/29.

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