A Mixed Start To The Week

Corn (December)

Fundamentals: Corn futures are quiet to start the week, following a long holiday weekend. As mentioned previously, weather has lost nearly all its significance, which will likely give us more mute Sunday night trades. Crop Progress will be out after the close, but as with weather, this is losing it’s influence on the market. Due to the holiday, export sales will be pushed back to Friday, but the big-ticket item on Friday (and this week) is the WASDE and Crop Production report, out at 11:00 AM CT. We will have estimates out in the next few sessions. Friday’s Commitments of Traders report showed Managed Money was net sellers of 12,133 futures contracts, trimming their net long position back to 245,750 futures contracts (281,251 long and 35,501 short).