The corn market shut down the Friday season, with contracts from 1 to 3 cents in the front months. Despite all the tariff talks, May 7 cents this week. The new crop was weighed by the loss of bean on December as they try not to attract too much acre with a profit of 4 of percent from last Friday. CMDTYVIEW National Average Cash Corn was priced at $ 4.31 3/4 3 3/4 cents a day.
The weekly commitment of traders showed funds managed in corn futures and the option cutting 17,850 contracts for its pure long longer in the week of April 1. Net longs were only 56,757 contracts till Tuesday. Advertisements were seen growing longer, with 336,744 contracts with pure 32,261 contracts.
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The total commitments in export sales data are now 54.235 MMT, which is a improvement of 24% in the same period last year. It is 87% of USDA export forecast, the average speed of 88%.
25 May Corn Closed at $ 4.60 1/4, up to 2 3/4 cents,
Cash $ 4.31 was 3/4, up to 3 3/4 cents,
July 25 Corn Closed at $ 4.67 1/4, up to 1 3/4 cents,
25 December Corn $ 4.46 closed at 3/4, 3/4 percent below,
New crop cash $ 4.10 7/8, below 1/4 percent,
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