The corn market settled 5 to 6 cents off the lows after a bearish response to USDA data. Prices were still 1.5% to 2.4% in the red for the close. March futures ended the week on a net 13 ¾ cent loss. As a reminder the market is closed on Monday for MLK jr Day. USDA lowered the cash price by 5 cents to $4.80. Weekly CFTC data showed managed money funds were building their shorts in corn during the week that ended 1/9. That strengthened their net short by 33.4k contracts to 230,723 contracts. Commercial corn hedgers were shown adding positions, with 43k new OI. On net they reduced their net long…