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Market Impact: 0.25

Corn Extending Modest Gains to Tuesday AM Trade

Commodities & Raw MaterialsFutures & OptionsMarket Technicals & Flows

Corn futures were up 14 1/2 to 16 1/4 cents across the front months in Monday’s session, with deferred contracts 8 to 10 1/2 cents higher. Price action continued Tuesday morning, with corn up 1 to 2 1/4 cents so far, suggesting momentum from the prior session’s rally rather than a new fundamental catalyst.

Analysis

Corn futures were up 14 1/2 to 16 1/4 cents across the front months in Monday’s session, with deferred contracts 8 to 10 1/2 cents higher. Price action continued Tuesday morning, with corn up 1 to 2 1/4 cents so far, suggesting momentum from the prior session’s rally rather than a new fundamental catalyst.

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Market Sentiment

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mildly positive

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0.15

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