Corn Shrugging Off Early Weakness for Midday Gains

Corn futures are fractionally to 2 cents higher, while the CmdtyView national average cash corn price is up 2 1/4 cents to $3.83 1/4. Early pressure came from a $4.27 midday drop in crude oil and reports that the U.S. and Iran reached a peace deal, but the article otherwise describes routine grain market price action.

Analysis

Corn futures are fractionally to 2 cents higher, while the CmdtyView national average cash corn price is up 2 1/4 cents to $3.83 1/4. Early pressure came from a $4.27 midday drop in crude oil and reports that the U.S. and Iran reached a peace deal, but the article otherwise describes routine grain market price action.