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Corn Pulls Back into the Tuesday Close

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsEconomic Data

Corn futures corrected from Monday's sharp gains, finishing steady to 1.75 cents lower, while the CmdtyView national average cash corn price slipped 1.5 cents to $4.35. NASS Crop Progress showed the U.S. corn crop 76% planted as of Sunday, indicating a routine weather- and planting-progress-driven move rather than a major fundamental shift.

Analysis

Corn futures corrected from Monday's sharp gains, finishing steady to 1.75 cents lower, while the CmdtyView national average cash corn price slipped 1.5 cents to $4.35. NASS Crop Progress showed the U.S. corn crop 76% planted as of Sunday, indicating a routine weather- and planting-progress-driven move rather than a major fundamental shift.

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