Corn futures closed the Friday session with contracts pulling off midday lows but still down 2 to 4 cents. March was down 2 ¼ cents this week. The CmdtyView national average Cash Corn price was down 2 cents at $3.93 1/4. Outside markets played a role on Friday, with the dollar index up $0.893.
Commitment of Traders data from CFTC showed managed money speculators in corn futures and options trimming 9,274 contracts from their net short in the week ending on January 27. That mainly came via new longs, as the net short was at 72,050 contracts. Commercials saw some long reduction, with the net short rising 17,381 contracts to 187,342 contracts.
