Corn futures experienced a slight decline in trading on Friday, with March corn closing at $4.50 per bushel, down 1 cent. Nearby cash corn prices also fell by a penny to $4.06 ¾. The downturn was influenced by a $1.45 drop in crude oil prices and lower trading volumes during the holiday season.
Key figures include:
– March Corn: $4.50 (down 1 cent)
– Nearby Cash: $4.06 ¾ (down 1 cent)
– May Corn: $4.58 ¼ (down ¾ cent)
– July Corn: $4.64 ¼ (down ¼ cent)
Upcoming reports, including the Energy Information Administration (EIA) data, are scheduled for release on Monday, with Export Sales data for the week ending December 18 set for Wednesday.
