Corn Starting Monday with Slight Gains

Corn price action is fractionally to 2 cents higher so far on Monday morning. Futures posted losses of a penny to 2 ½ cents on Friday, with March closing the week with a 3 cent loss. Friday’s open interest was up 8,511 contracts. The CmdtyView national average Cash Corn price was down 2 ¼ cents on the day at $3.99 1/4. Commitment of Traders data from Friday afternoon showed managed money slashing 71,479 contracts from their net short position as of October 28. That took the position to 89,506 contracts. C ...