Corn Slipping Back Lower Early on Monday

Corn price action is down 1 to 2 ½ cents on Monday morning. Futures posted 5 to 6 ½ cent gains across most contracts on Friday, as the late week strength took the weekly gain to 5 ¾ cents. Preliminary open interest was up 18,732 contracts on Friday, showing new buying interest. The CmdtyView national averageCash Corn price was up 6 3/4 cents at $3.93 1/2. USDA’s Export Sales report from Friday morning showed international buyers taking advantage of the previous week’s price break.  Corn bookings were the ...