On Monday, corn prices are down 2 to 3 cents, following a fractional decline in futures during the previous Friday session. March corn futures closed at $4.50, down 1 cent, with current prices down 2 ¾ cents. The CmdtyView national average cash corn price stands at $4.06 ¾, down 1 cent.
Open interest rose by 4,880 contracts, influenced by a decrease in crude oil prices, which fell by $1.45 per barrel last week but rebounded by $1.40 this morning. The delayed release of government reports, including the EIA report, is expected later today due to last Friday’s holiday.
