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Corn Slipping Lower on Tuesday

Commodity FuturesCommodities & Raw MaterialsMarket Technicals & FlowsEconomic DataNatural Disasters & Weather

Corn futures are fractionally to a penny lower at midday Tuesday, while the CmdtyView national average cash corn price slipped a penny to $4.36 3/4. NASS Crop Progress showed the U.S. corn crop 76% planted as of Sunday, 6% ahead of the prior pace, pointing to generally supportive planting progress despite the modest price weakness.

Analysis

Corn futures are fractionally to a penny lower at midday Tuesday, while the CmdtyView national average cash corn price slipped a penny to $4.36 3/4. NASS Crop Progress showed the U.S. corn crop 76% planted as of Sunday, 6% ahead of the prior pace, pointing to generally supportive planting progress despite the modest price weakness.

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Market Sentiment

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mildly negative

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