Corn Slipping on Thursday, as USDA Raises World Stocks

Corn futures are down 3-5 cents midday after USDA reported increased world stocks; the national average Cash Corn price fell about 4.25¢ to $4.03½. Crude oil is up roughly $3.21 on the session. South Korean buyers purchased 136,000 MT, indicating ongoing export demand despite the modest price pullback.

Analysis

Corn futures are down 3-5 cents midday after USDA reported increased world stocks; the national average Cash Corn price fell about 4.25¢ to $4.03½. Crude oil is up roughly $3.21 on the session. South Korean buyers purchased 136,000 MT, indicating ongoing export demand despite the modest price pullback.