Corn Heads for Weekend in Red
Alan Brugler - Barchart - Fri Apr 16, 10:05PM UTC
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 ZCK24 - Corn
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Corn futures closed the last trading day of the week with losses. May futures ended the Friday session 4 1/2 cents in the red, which limited the week’s gain to 8 1/4 cents. The other front months closed UNCH to 3 cents weaker.

The weekly CoT report showed managed money was 401,993 contracts net long in corn as of 4/13. That came after a 15,860 contract spec buying program through the week, pushing their long position to the largest since the week of 01/18 of 2011. Their net position was also the most net long since then. Commercials provided the sell paper, adding 45,492 new shorts on the week leaving them 735,606 contracts net short. 

May 21 Corn  closed at $5.85 1/2, down 4 1/2 cents,

Jul 21 Corn  closed at $5.73 3/4, down 3 cents,

Nearby Cash was $5.75 2/3, down 4 1/4 cents,

Dec 21 Corn  closed at $5.12 1/4, unch,

New Crop Cash was $4.84 1/1, down 0 cent,



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