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Corn Pressure from Crude Continues on Wednesday

Commodity FuturesFutures & OptionsEnergy Markets & PricesCommodities & Raw MaterialsEconomic Data

Corn futures fell 3 to 5 cents across most contracts on Wednesday, pressured in part by a $4.48 drop in crude oil. The CmdtyView national average Cash Corn price declined 4 3/4 cents to $4.13 1/4. The update also cites upcoming NASS Crop Progress data as a near-term focus for the U.S. corn crop.

Analysis

Corn futures fell 3 to 5 cents across most contracts on Wednesday, pressured in part by a $4.48 drop in crude oil. The CmdtyView national average Cash Corn price declined 4 3/4 cents to $4.13 1/4. The update also cites upcoming NASS Crop Progress data as a near-term focus for the U.S. corn crop.

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mildly negative

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