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Market Impact: 0.25

Corn Fades Lower on Thursday

Commodities & Raw MaterialsCommodity FuturesEnergy Markets & Prices

Corn futures closed Thursday modestly lower, with nearby July down 7 cents and most contracts off 2 to 4 ¼ cents. The CmdtyView national average Cash Corn price fell 3 1/4 cents to $4.01 3/4. USDA’s Export Sales report showed 565,810 MT total, supporting expectations but not enough to offset the downside in front-month pricing.

Analysis

Corn futures closed Thursday modestly lower, with nearby July down 7 cents and most contracts off 2 to 4 ¼ cents. The CmdtyView national average Cash Corn price fell 3 1/4 cents to $4.01 3/4. USDA’s Export Sales report showed 565,810 MT total, supporting expectations but not enough to offset the downside in front-month pricing.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.20