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Market Impact: 0.12

Corn Starting Friday with Modest Gains

Commodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & PositioningCommodities & Raw Materials

Corn futures were 1 to 2 cents higher on Friday after Thursday's close left most contracts up 1/2 to 2 3/4 cents. Preliminary open interest rose by 783 contracts, suggesting a modest rotation of ownership rather than a major directional shift. CmdtyView's national average cash corn price was up 1 3/4 cents, indicating slightly firmer underlying cash market tone.

Analysis

Corn futures were 1 to 2 cents higher on Friday after Thursday's close left most contracts up 1/2 to 2 3/4 cents. Preliminary open interest rose by 783 contracts, suggesting a modest rotation of ownership rather than a major directional shift. CmdtyView's national average cash corn price was up 1 3/4 cents, indicating slightly firmer underlying cash market tone.

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