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Market Impact: 0.35

Corn Bulls Remain on Vacation to Start Friday Morning Trade

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsMarket Technicals & FlowsInvestor Sentiment & Positioning

Corn futures extended their selloff, falling another 5 to 8 1/4 cents at the close after being down 1 to 2 cents earlier in Friday trading. The move followed a week of losses and was accompanied by liquidation, with preliminary open interest up 7,393 contracts, signaling heavy position unwinding and weak sentiment in the corn market.

Analysis

Corn futures extended their selloff, falling another 5 to 8 1/4 cents at the close after being down 1 to 2 cents earlier in Friday trading. The move followed a week of losses and was accompanied by liquidation, with preliminary open interest up 7,393 contracts, signaling heavy position unwinding and weak sentiment in the corn market.

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Market Sentiment

Overall Sentiment

strongly negative

Sentiment Score

-0.55