Corn Slipping Back on Friday Morning

Group 1 - Corn trade is starting lower on Friday, with futures having increased by 5 to 6 cents on Thursday, and preliminary open interest rose by 10,767 contracts, primarily in December and March [1] - The CmdtyView national average Cash Corn price increased by 5.5 cents to $3.78 1/4, while the average of the first two days of October is $4.19 compared to the spring price of $4.70 [1] - S&P Global has reduced its estimate for US corn yield to 185.5 bushels per acre (bpa), a decrease of 3.6 bpa from the previous month, with total production estimated at 16.707 billion bushels (bbu) [3] Group 2 - Harvest activities in the Eastern Corn Belt (ECB) may be delayed next week due to light rainfall expected in parts of Nebraska, Iowa, and the Dakotas [2] - December 25 Corn futures closed at $4.21 3/4, up 5 1/4 cents, while March 26 Corn closed at $4.38, also up 5 1/4 cents, and May 26 Corn closed at $4.47 3/4, up 5 cents [3]