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Market Impact: 0.35

Corn Rallying Out of Bull Friendly USDA Report

Commodities & Raw MaterialsEconomic DataEnergy Markets & Prices

Corn futures are up 6–8 cents on Friday after USDA data came in friendlier than expected. The USDA report showed 12 deliveries against July overnight, and the CmdtyView national average cash corn price is up 6 cents to $4.06 3/4. The morning WASDE update appears to have supported near-term sentiment, though the move looks incremental rather than market-wide.

Analysis

Corn futures are up 6–8 cents on Friday after USDA data came in friendlier than expected. The USDA report showed 12 deliveries against July overnight, and the CmdtyView national average cash corn price is up 6 cents to $4.06 3/4. The morning WASDE update appears to have supported near-term sentiment, though the move looks incremental rather than market-wide.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.20

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