Corn Showing Losses on Tuesday

Corn is down 3–5¢ intraday; the CmdtyView national average cash corn price fell 5¢ to $4.09 1/4. Crude oil is up $2.48 at midday ahead of President Trump’s deadline for Iran, adding geopolitical-driven upside to energy markets. The combination of lower corn prices and rising oil suggests corn longs may be taking risk amid heightened geopolitical uncertainty.

Analysis

Corn is down 3–5¢ intraday; the CmdtyView national average cash corn price fell 5¢ to $4.09 1/4. Crude oil is up $2.48 at midday ahead of President Trump’s deadline for Iran, adding geopolitical-driven upside to energy markets. The combination of lower corn prices and rising oil suggests corn longs may be taking risk amid heightened geopolitical uncertainty.