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Market Impact: 0.32

Corn Collapse Continues on Thursday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEnergy Markets & PricesMarket Technicals & FlowsInvestor Sentiment & Positioning

Corn futures extended their liquidation selloff, falling another 5 to 8 1/4 cents at the close, while the CmdtyView national average cash corn price slipped to $3.90, down 7 cents. Additional pressure came from crude oil losing $3.11. USDA also reported a private export sale, but the dominant tone remained bearish on continued fund liquidation.

Analysis

Corn futures extended their liquidation selloff, falling another 5 to 8 1/4 cents at the close, while the CmdtyView national average cash corn price slipped to $3.90, down 7 cents. Additional pressure came from crude oil losing $3.11. USDA also reported a private export sale, but the dominant tone remained bearish on continued fund liquidation.

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Market Sentiment

Overall Sentiment

moderately negative

Sentiment Score

-0.45