Corn Slipping After President Trump Comments

Group 1: Corn Market Overview - Corn prices have shown volatility, with futures down 1 to 2 cents early on Monday and a decline of 3 ½ to 4 ¼ cents on Friday [1] - The national average Cash Corn price decreased by 4 cents to $4.23 3/4 [1] - The CFTC Commitment of Traders report indicated an increase of 35,533 contracts in the managed money net long position for corn futures, bringing the total to 228,804 contracts [3] Group 2: Export and Production Data - Corn export commitments for the marketing year reached 67.658 million metric tons (MMT), which is 30% larger than the same period last year and represents 81% of the USDA's export target [4] - Shipments totaled 43.46 MMT, accounting for 52% of the USDA's number and exceeding the average pace of 45% [4] - Brazil's AgRural reported that the second corn crop is 97% planted as of last Thursday, compared to last year's completion at this time [4] Group 3: Futures Market Details - May 26 Corn closed at $4.65 1/2, down 4 1/4 cents, with current trading down 2 cents [5] - July 26 Corn closed at $4.76, down 4 cents, and is currently down 2 cents [5] - December 26 Corn closed at $4.90 3/4, down 3 3/4 cents, with a current decline of 1 3/4 cents [5]