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Corn Fading Back Lower on Wednesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsDerivatives & VolatilityInvestor Sentiment & Positioning

Corn futures are down 2 to 2.5¢ Wednesday morning after most contracts gained 2–3¢ on Tuesday. Open interest fell 5,449 contracts on Tuesday, led by a 9,034-contract drop in the May contract; some deferred contracts were steady to fractionally higher.

Analysis

Corn futures are down 2 to 2.5¢ Wednesday morning after most contracts gained 2–3¢ on Tuesday. Open interest fell 5,449 contracts on Tuesday, led by a 9,034-contract drop in the May contract; some deferred contracts were steady to fractionally higher.

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