Corn prices are up 3 to 4 cents so far on Monday morning. Futures posted fractional losses across most contracts to close out the Friday session. Open interest was down 3,096 contracts. March closed the week with a 3 cent gain. The CmdtyView national average Cash Corn price was down ¾ cent to $3.99. We will get another USDA Export Sales report update this morning, with traders looking for 1.2-2.4 MMT of corn sold in the week ending on 12/4. More News from Barchart CFTC data as of the week ending on 12/ ...

Core Insights - Corn futures experienced slight increases, with December contracts up ¼ cent and deferred contracts up 2 ½ cents, indicating a return of carry into the market [1] - The national average cash corn price rose by ¼ cent to $3.88, reflecting a stable market ahead of the Thanksgiving holiday [1] - Export sales data revealed a total of 1.327 million metric tons (MMT) of corn sold in the week of October 9, which is a four-week low and below the same week last year [2] Market Positioning - Managed money held a net short position of 191,055 contracts in corn futures and options as of October 14, with an increase of 49,089 contracts from the previous week [3] - South Korean importers purchased at least 324,000 MT of corn, with expectations of 68,000 MT coming from the US, indicating ongoing international demand [3] Price Movements - December 25 corn closed at $4.23 ½, down ¼ cent, while March 26 corn closed at $4.38 ¼, up 1 ½ cents, and May 26 corn closed at $4.46 ¾, up 2 ½ cents, showing varied price movements across different contracts [4]