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Corn Retreating on Thursday Morning After Hitting 3-year Highs
Source: Nasdaq
Commodities & Raw MaterialsMarket Technicals & Flows
Corn futures fell 2–3 cents early Thursday after a strong prior session that pushed prices to 3-year highs, with Wednesday closes up 10 to 13.5 cents. Open interest declined by 5,593 contracts, with most of the drop in September (-33,850), suggesting some repositioning despite the recent rally. Spillover strength in wheat is cited, but near-term direction appears unstable.
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