Corn futures are down 5 to 6 cents across most contracts, with the CmdtyView national average cash corn price off 5 cents to $3.81 1/4. The article points to increased world competition in USDA’s balance sheet as a headwind, while morning Export Sales data showed 1.00 MMT of old crop corn sales. The tone is bearish, but the move appears commodity-specific rather than market-wide.
Corn futures are down 5 to 6 cents across most contracts, with the CmdtyView national average cash corn price off 5 cents to $3.81 1/4. The article points to increased world competition in USDA’s balance sheet as a headwind, while morning Export Sales data showed 1.00 MMT of old crop corn sales. The tone is bearish, but the move appears commodity-specific rather than market-wide.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.30
