
Corn futures are showing losses of 3 to 3 ¼ cents in the front months on Tuesday. The CmdtyView national average Cash Corn price is down 3 1/4 cents to $3.92 1/2. Pressure is coming from losses in wheat and crude oil dropping $1.42/barrel at midday.
Another update to the backlogged CFTC data on Monday afternoon showed managed money flipping back to a net short of 10,872 contracts in the week ending on November 25 a move of 48,999 contracts to the short side.