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Corn Extending Gains Early on Thursday

Commodities & Raw MaterialsCommodity FuturesMarket Technicals & Flows

Corn futures are extending the rally, gaining another 2–3 cents Thursday morning, following an 8–9½ cent rise into the Wednesday close. Most contracts are holding within 2 cents of their intraday highs, while deferred contracts are fractionally to 4½ cents higher, signaling broadly supportive near-term momentum.

Analysis

Corn futures are extending the rally, gaining another 2–3 cents Thursday morning, following an 8–9½ cent rise into the Wednesday close. Most contracts are holding within 2 cents of their intraday highs, while deferred contracts are fractionally to 4½ cents higher, signaling broadly supportive near-term momentum.

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mildly positive

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