
Corn price action is 1 to 2 cents higher so far on Friday. Futures saw fractional to 1 ¼ cent losses on Thursday, with deferreds slightly higher. Preliminary open interest was down 16,199 contracts on Thursday, mainly in the March, down 37,121 contracts. March options expire today. The CmdtyView national average Cash Corn price was down 1 1/4 cent to $3.92 1/2.
With just a little over a week left in the Crop Insurance price discovery, the average December corn close has been $4.60, down a dime from the same period last year.