Corn is trading down about 4–5 cents Wednesday morning after futures closed Tuesday steady to +2.25 cents following friendlier old-crop USDA numbers. Open interest shifted modestly: May contracts down 3,005 while the rest of the curve saw an increase of 9,593 contracts, indicating small intraday profit-taking and position rotation rather than a fundamental shock.
Corn is trading down about 4–5 cents Wednesday morning after futures closed Tuesday steady to +2.25 cents following friendlier old-crop USDA numbers. Open interest shifted modestly: May contracts down 3,005 while the rest of the curve saw an increase of 9,593 contracts, indicating small intraday profit-taking and position rotation rather than a fundamental shock.
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