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Market Impact: 0.35

Corn Rallies on Friday with the Help of a Bull Friendly USDA Report

Commodities & Raw MaterialsEconomic DataFutures & OptionsMarket Technicals & Flows

Corn prices bounced Friday after USDA data came in friendlier than expected, lifting contracts 2 ½ to 10 ¼ cents across the curve, led by front months. September gained 16 ½ cents on the week and December rose 19 ½ cents, indicating improved near-term sentiment among corn bulls.

Analysis

Corn prices bounced Friday after USDA data came in friendlier than expected, lifting contracts 2 ½ to 10 ¼ cents across the curve, led by front months. September gained 16 ½ cents on the week and December rose 19 ½ cents, indicating improved near-term sentiment among corn bulls.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.25