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Market Impact: 0.2

Corn Tumbling Early on Wednesday with Crude Oil Pressure

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Corn futures are trading down 8 to 9.5 cents in Wednesday morning trade after Tuesday’s session closed fractionally lower to 5.25 cents down in nearby contracts, while May delivery fell 8.25 cents. Open interest rose by 11,654 contracts on Tuesday, led by September, indicating increased positioning as prices weaken.

Analysis

Corn futures are trading down 8 to 9.5 cents in Wednesday morning trade after Tuesday’s session closed fractionally lower to 5.25 cents down in nearby contracts, while May delivery fell 8.25 cents. Open interest rose by 11,654 contracts on Tuesday, led by September, indicating increased positioning as prices weaken.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25