Corn Starting Monday with Slight Gains

Group 1 - Corn prices are slightly higher by 2 cents on Monday morning, following a loss of 1 to 2.5 cents on Friday, with March futures closing the week down 3 cents [1] - The national average cash corn price decreased by 2.25 cents to $3.99 1/4 [1] - Managed money reduced their net short position by 71,479 contracts to 89,506 contracts, while commercials increased their net short position by 77,722 contracts to 128,585 contracts [2] Group 2 - The USDA is expected to release a report on Export Sales data, with traders anticipating 1-2 million metric tons (MMT) of corn bookings for the week ending November 6 [2] - The upcoming WASDE report is projected to show US corn ending stocks at 2.145 billion bushels (bbu), a decrease of 9 million bushels (mbu) from the previous report [3] - Argentina's corn crop is reported to be 44% planted, which is behind last year's pace of 46%, while Brazil's corn crop is estimated at 135.3 MMT for 2025/26, down 5.8 MMT from the previous year [3]