Corn is down fractionally (~2 cents) Tuesday morning as traders position for USDA data. The market was under pressure Monday, with long positions reportedly exiting ahead of the Tuesday USDA release, and nearby contracts fell roughly 5 1/4 to 11 1/2 cents. Near-term price action appears driven by pre-data positioning rather than a new fundamental update.
Corn is down fractionally (~2 cents) Tuesday morning as traders position for USDA data. The market was under pressure Monday, with long positions reportedly exiting ahead of the Tuesday USDA release, and nearby contracts fell roughly 5 1/4 to 11 1/2 cents. Near-term price action appears driven by pre-data positioning rather than a new fundamental update.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.22
Ticker Sentiment
