Corn Starting Off June with Steady Trade

Corn futures were down 2 to 9 cents across the board on Friday, with July off 16.5 cents for the week as month-end money exiting pressured prices. Open interest rose by 4,456 contracts, including 11,644 contracts leaving July, suggesting notable position rolling/flow activity. Monday morning action is firmer to fractionally higher, but the article is primarily a near-term pricing and positioning update.

Analysis

Corn futures were down 2 to 9 cents across the board on Friday, with July off 16.5 cents for the week as month-end money exiting pressured prices. Open interest rose by 4,456 contracts, including 11,644 contracts leaving July, suggesting notable position rolling/flow activity. Monday morning action is firmer to fractionally higher, but the article is primarily a near-term pricing and positioning update.