The Hightower Report said, “Corn is starting the week under modest pressure, due to spillover weakness from what and a rally in the U.S. dollar. Prices closed near the highs of the week on Friday but as has been the case recently, the market is having difficulty extending to the upside. Managed money traders decreased their net short by just over 20,500 contracts as of mid-last week and now hold a short position of just over 48,000, rather modest by any measure. Open interest Friday rose just over 5,800 contracts on better than average trading volume.” Amanda Brill at Total Farm Marketing said, “According to AgRural, Brazil’s safrinha corn crop was 22% planted as of late last week, ahead of 20% at the same time last year and reflecting a 9-percentage-point advance on the week. Meanwhile, Brazil’s first corn crop was 15% harvested, compared to 9% at this point a year ago.”