Corn Recover Off Lows, Still Close in the Red on Wednesday

Corn futures closed down between 1 ¾ and 3 ½ cents, with the CmdtyView national average Cash Corn price falling 1.5 cents to $4.08. Crude oil plunged $16.45 on the day, driven by reports of a two-week ceasefire, weighing on energy and commodity markets and prompting risk-off flows.

Analysis

Corn futures closed down between 1 ¾ and 3 ½ cents, with the CmdtyView national average Cash Corn price falling 1.5 cents to $4.08. Crude oil plunged $16.45 on the day, driven by reports of a two-week ceasefire, weighing on energy and commodity markets and prompting risk-off flows.