The corn board is 1 to 2 cents higher to start the Tuesday session. Corn ended November with 6 1/2 to 7 3/4 cent losses. There were zero deliveries issued overnight against December. The weekly Export Inspections data from USDA showed 35.04 mbu of corn shipped on the week ending 11/26. That was up 6.9% wk/wk, and more than double the same week last year. China was the top destination with 40% of the total. Accumulated exports are 399 mbu, outpacing 19/20’s export program by 54%. CFTC data from 11/24 showed that managed money was 287,599 contracts net long on November 24 after new buyers pushed the net long up by 8,710 contracts in a week. Commercials cut their OI by 169,131 contracts (9%) on the week and increased the net short to 647k contracts (record 748,559).

--- provided by Brugler Marketing & Management