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Market Impact: 0.2

Corn Starting Friday with modest Losses

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & Flows

Corn futures were down 1/2 to 1 1/2 cents Friday morning after closing Thursday lower by 7 to 10 1/2 cents across most contracts. The decline was driven by increased supplies on USDA’s balance sheets, and open interest rose by 5,819 contracts, signaling added pressure in the market.

Analysis

Corn futures were down 1/2 to 1 1/2 cents Friday morning after closing Thursday lower by 7 to 10 1/2 cents across most contracts. The decline was driven by increased supplies on USDA’s balance sheets, and open interest rose by 5,819 contracts, signaling added pressure in the market.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.25