Corn prices fell by 3 to 4 cents on Monday morning, following a decline of 1½ to 5 cents during Friday’s session, culminating in a 23½ cent loss for both September and December futures. The national average cash corn price dropped 6 cents to $4.10. Open interest decreased by 3,693 contracts, indicating that some long positions were liquidated.
Data from the CFTC revealed that managed money increased their net long positions in corn futures and options by 75,490 contracts, bringing the total net long to 168,399 contracts as of July 28. Additionally, AgRural reported that 69% of Brazil’s second corn crop was harvested, with an expected production of 110.5 million metric tons for the 2025/26 season.
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