Grain Express

Corn (July)

Fundamentals: Corn futures finished last week’s trade at the top end of the range, closing at the highest price since the middle of April. Friday’s Commitment of Traders report showed funds bought back 24,270 contracts (net) through June 16th, shrinking their net short position to 277,603 net contracts. Weekly Crop Progress report will be out this afternoon, after the close. Analysts are expecting to see crop conditions at 71% good/excellent, unchanged from last week.