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Market Impact: 0.3

Corn Facing Pressure to Start Wednesday as Oil Collapses

Commodities & Raw MaterialsCommodity FuturesEnergy Markets & PricesMarket Technicals & Flows

Corn futures are trading down about 4–7 cents (early session moves of 5–7c), with the CmdtyView national average Cash Corn down 4 3/4 cents at $4.10 1/2. Crude oil is notably weaker, down $19.46 so far this morning, signaling pronounced downside pressure in energy alongside softer corn prices.

Analysis

Corn futures are trading down about 4–7 cents (early session moves of 5–7c), with the CmdtyView national average Cash Corn down 4 3/4 cents at $4.10 1/2. Crude oil is notably weaker, down $19.46 so far this morning, signaling pronounced downside pressure in energy alongside softer corn prices.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.15