Corn futures are trending lower on Friday, with the CmdtyView national average Cash Corn price falling by 3.5 cents to $3.73 1/2. September Corn is now at $3.89 1/2, down 4.5 cents, while December and March Corn are also down at $4.10 1/4 and $4.27 1/4, respectively.
Recent reports indicated a total of 1.147 million metric tons (MMT) of new crop corn export sales for the week. The USDA has recorded total commitments for old crop corn exports at 70.451 MMT, achieving 101% of its projected target.
Weather forecasts suggest a drier week ahead for Iowa, Missouri, and the Eastern Corn Belt, while the Plains are expected to receive light precipitation totaling just over an inch.
