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Corn Falling Back Ahead of USDA Data Release

Commodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & PositioningCommodities & Raw Materials

Corn futures are down 2 to 3¼ cents on Thursday morning after giving back early Wednesday gains, with July down ½ cent and other contracts mostly fractionally to 2¼ cents higher. Open interest in the July contract fell 38,919 as the roll continues, pointing to position-adjustment flows rather than a major fundamental catalyst.

Analysis

Corn futures are down 2 to 3¼ cents on Thursday morning after giving back early Wednesday gains, with July down ½ cent and other contracts mostly fractionally to 2¼ cents higher. Open interest in the July contract fell 38,919 as the roll continues, pointing to position-adjustment flows rather than a major fundamental catalyst.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.12