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Corn Showing Early Wednesday Strength

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

Corn prices are up 3 to 5 cents in Wednesday morning trading after Tuesday’s session saw contracts finish steady to 1.5 cents lower, aside from a 0.75 cent gain in July. Open interest rose 17,705 contracts on Tuesday, pointing to active rolling and positioning rather than a fundamental shock.

Analysis

Corn prices are up 3 to 5 cents in Wednesday morning trading after Tuesday’s session saw contracts finish steady to 1.5 cents lower, aside from a 0.75 cent gain in July. Open interest rose 17,705 contracts on Tuesday, pointing to active rolling and positioning rather than a fundamental shock.

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