Corn Futures go into the Weekend on a Down Note

Corn futures lost 4 cent to 4 1/2 cents on Friday. The Commitment of Traders Report from this afternoon showed that as of Tuesday, managed money was further net short for corn futures. They strengthened their short position by 5.8% wk/wk. Weekly export sales for the week ending 11/07 were 581,568 MT of corn. The USDA also reported weekly export of 602,235 MT, or 23.71 mbu, for the same week. Corn accumulated shipments are up to 178.78 mbu, but still 61.23% below last year’s pace.

DEC 19 Corn closed at $3.71 1/4, down 4 1/2 cents,

MAR 19 Corn closed at $3.80 3/4, down 4 cents,

MAY 20 Corn closed at $3.86 1/2, down 4 1/4 cents

JUL 20 Corn closed at $3.92 1/2, down 4 cents

---provided by Brugler Marketing & Management




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