Corn future closed the Friday session with contracts up 6 to 7 cents across most front months. Short covering was likely a culprit heading into a weekend, as September was up 12 ½ cents on the week. The CmdtyView national average Cash Corn price was $3.95, up 6 ½ cents.

Commitment of Traders data showed managed money covering some shorts in the week ending on July 15, with their net short down 29,106 contracts to 174,755 contracts. Commercials added 10,113 contracts to their net short position to 40,294 contracts.

Forecasts are calling for above normal temps as we round out July, following warmer overnight temps over the past few weeks in parts of the ECB.  Rain is expected across much of the Corn Belt.

Export Sales data has both shipped and unshipped sales at 69.467 MMT, which is 99% of the current USDA forecast, lagging behind the 102% 5-year average pace. Shipments are 59.114 MMT, at 85% of the USDA numbers and behind the 88% pace. 

Sep 25 Corn  closed at $4.08 1/2, up 6 1/2 cents,

Nearby Cash  was $3.95, up 6 1/2 cents,

Dec 25 Corn  closed at $4.27 3/4, up 6 3/4 cents,

Mar 26 Corn  closed at $4.44 3/4, up 6 1/2 cents,

New Crop Cash  was $3.85 1/4, up 6 3/4 cents,