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Austin Schroeder

FOUND: Corn easing back lower to start the week - You Need To See This

Corn price action is down 2 to 3 cents so far on Monday morning. Futures were rallying back on Friday, with contracts up 7 to 8 ¾ cents. September managed to pull out of the week with a penny gain, as December was down just a tick. A win for the bulls considering there’s 1 billion more bushels on the balance sheet than the week started with. The CmdtyView national average Cash Corn price was up 8 1/2 cents at $3.63 3/4.

Rains made their way through parts of the Dakotas, MN, northern IA and NE, WI, northeast IL and northwest IN over the weekend. Precip is limited to southern WI and northern IL today into tomorrow, with the forecast drying off after.

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