Corn Holds onto Bounce into Friday’s Close, as CFTC shows Specs Turning Bearish

Corn futures were mixed into the Friday close, ending steady to 1 3/4 cents higher on the day, but July fell 4 3/4 cents for the week and December lost 5 3/4 cents. The CmdtyView national average Cash Corn price rose 1 1/4 cents to $3.81. The article also references the weekly CFTC Commitment of Traders report, indicating attention to positioning in the corn market.

Analysis

Corn futures were mixed into the Friday close, ending steady to 1 3/4 cents higher on the day, but July fell 4 3/4 cents for the week and December lost 5 3/4 cents. The CmdtyView national average Cash Corn price rose 1 1/4 cents to $3.81. The article also references the weekly CFTC Commitment of Traders report, indicating attention to positioning in the corn market.