The corn market is trading with 1 to 3 cents higher trade so far on Tuesday morning. Corn futures got some spillover support from the wheat market on Friday, as futures were up fractionally to 3 cents higher. March was up 8 ¾ cents on the week. The CmdtyView’ national average Cash Corn price was up 2 3/4 cents on Friday at $4.63 1/2.

CFTC data via the Commitment of Traders report showed specs cutting 31,828 contracts from their net long position in corn futures and options as of Tuesday. They took that net position to 332,389 contracts.

Brazil’s AgRural estimates the country’s first corn crop at 29% harvested as of last Thursday, with the second corn crop 36% planted. A Taiwan importer has issued a tender to buy 65,000 MT of corn, with a Wednesday deadline.

Mar 25 Corn  closed at $4.96 1/4, up 2 3/4 cents, currently up 2 1/2 cents

Nearby Cash  was $4.63 1/2, up 2 3/4 cents,

May 25 Corn  closed at $5.08 3/4, up 2 3/4 cents, currently up 2 1/4 cents

Dec 25 Corn  closed at $4.73, up 1/4 cent, currently up 1 1/4 cents

New Crop Cash  was $4.41 1/4, up 1/2 cent,