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Corn Extending Gains to Wednesday, Following Post-USDA Report Strength

Commodities & Raw MaterialsEnergy Markets & PricesEconomic Data

Corn futures are up 4–7 cents across most contracts, with cash corn averaging $3.90 1/4 (up 5 cents). July futures saw 325 deliveries issued overnight, while EIA’s weekly update reported 1.117 million barrels per day in the latest tally. Overall, the tone is slightly supportive for nearby corn pricing, though it’s likely incremental rather than market-moving.

Analysis

Corn futures are up 4–7 cents across most contracts, with cash corn averaging $3.90 1/4 (up 5 cents). July futures saw 325 deliveries issued overnight, while EIA’s weekly update reported 1.117 million barrels per day in the latest tally. Overall, the tone is slightly supportive for nearby corn pricing, though it’s likely incremental rather than market-moving.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.10

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