Corn prices are down 3 to 4 cents on Monday morning. Futures posted losses of 1 ½ to 5 cents on the Friday session, as September and December both closed the week with a 23 ½ cent loss. Spillover weakness from wheat, rains, and month end pressure is a factor. December was still up 28 cents on the week. Open interest was down 3,693 contracts on Friday, suggesting some long were exiting. The CmdtyView national average Cash Corn price was down 6 cents at $4.10.
CFTC data released on Friday afternoon showed managed money adding 75,490 contracts to their net long in corn futures and options in the week of July 28. The net long was at 168,399 contracts as of Tuesday.
How Did Markets Start the New Month?
Ghana Cocoa Production Concerns Boost Cocoa Prices
Arabica Coffee Prices Slump as Dryness in Brazil Aids the Coffee Harvest
#long
CFTC data released on Friday afternoon showed managed money adding 75,490 contracts to their net long in corn futures and options in the week of July 28. The net long was at 168,399 contracts as of Tuesday.
How Did Markets Start the New Month?
Ghana Cocoa Production Concerns Boost Cocoa Prices
Arabica Coffee Prices Slump as Dryness in Brazil Aids the Coffee Harvest
#long
2 months ago
