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Market Impact: 0.25

Corn Facing Double Digit Losses on Monday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEnergy Markets & PricesMarket Technicals & FlowsEconomic Data

Corn futures traded down about 11 to 12 1/4 cents midday Monday, with the CmdtyView national average Cash Corn down 12 cents to $4.11 1/2. Pressure came from a $3.19 slide in crude oil and weakness in soybeans; Monday's Export Inspections reported 1.658 MMT (article truncated), supporting near-term downside in nearby corn contracts.

Analysis

Corn futures traded down about 11 to 12 1/4 cents midday Monday, with the CmdtyView national average Cash Corn down 12 cents to $4.11 1/2. Pressure came from a $3.19 slide in crude oil and weakness in soybeans; Monday's Export Inspections reported 1.658 MMT (article truncated), supporting near-term downside in nearby corn contracts.

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Market Sentiment

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mildly negative

Sentiment Score

-0.25