Corn Falling Back on Friday

Corn futures are down 3 to 4 ½ cents in the front months on Friday. The CmdtyView national average Cash Corn price is down 4 3/4 cents at $3.97. The average close so far this week for December futures has been $4.57. The average close for February is used for the spring base crop insurance price, with last year at $4.70. Export Sales data shows total corn export commitments at 58.735 MMT, which is 31% above the same period last year. That is now 72% of USDA’s export projection and ahead of the 71% averag ...