Corn prices are down 3 to 4.5 cents in Wednesday morning trading, with continued weakness in crude oil adding pressure as oil falls another $5/bbl. Futures were already under pressure across the board on Tuesday, closing down 1.25 to 5.75 cents. The update points to near-term bearish sentiment in grain markets, driven by softer energy prices and broad futures weakness.
Corn prices are down 3 to 4.5 cents in Wednesday morning trading, with continued weakness in crude oil adding pressure as oil falls another $5/bbl. Futures were already under pressure across the board on Tuesday, closing down 1.25 to 5.75 cents. The update points to near-term bearish sentiment in grain markets, driven by softer energy prices and broad futures weakness.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
