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Market Impact: 0.28

Corn Market Fading Wednesday Gains at Midday

Commodities & Raw MaterialsEconomic DataMarket Technicals & Flows

Corn is down 5–8 cents at midday Thursday as broader ag commodity prices slide and weekly export sales came in weak. After futures gained 5–9 cents the prior session on wheat’s near-limit rise, corn momentum flipped to the downside, with higher open interest suggesting fresh positioning despite the negative tape.

Analysis

Corn is down 5–8 cents at midday Thursday as broader ag commodity prices slide and weekly export sales came in weak. After futures gained 5–9 cents the prior session on wheat’s near-limit rise, corn momentum flipped to the downside, with higher open interest suggesting fresh positioning despite the negative tape.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.25