Corn Falling Out of the Three-Day Weekend

Corn price action is down 2 to 3 ½ cents as trade resumes on Tuesday morning. Futures posted fractional gains on Friday, as March managed to close the week with a 1 ½ cent gain. Preliminary open interest was up 5,808 contracts on Friday. The CmdtyView national average Cash Corn price was up 3/4 cent at $3.98 1/4. Large managed money speculators were trimming 20,576 contracts from their net short position as of February 10, with a net short of 48,210 contracts on Tuesday. More News from Barchart Export ...