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Corn Gains Extending to Thursday Morning, as Traders Square Up for 3-day Weekend

Commodities & Raw MaterialsEnergy Markets & PricesMarket Technicals & FlowsFutures & Options

Corn futures are trading up 2 to 4.5 cents on Thursday morning after Wednesday’s close, when front-month contracts gained 3 to 8.25 cents. Open interest fell by 6,265 contracts (driven by December down 9,264), suggesting modest short covering rather than broad new long buildup.

Analysis

Corn futures are trading up 2 to 4.5 cents on Thursday morning after Wednesday’s close, when front-month contracts gained 3 to 8.25 cents. Open interest fell by 6,265 contracts (driven by December down 9,264), suggesting modest short covering rather than broad new long buildup.

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