Corn Faces Pressure on Wednesday as Bulls Fight Back into the Close

Corn futures settled down about 2.75 to 3.5 cents, closing 5-6 cents off early session lows; the CmdtyView national average Cash Corn price was up 0.75 cent at $4.15 3/4. Some deferred corn contracts were higher while front-month contracts gave back intraday gains. Crude oil also moved notably, closing down $2.51 on the session.

Analysis

Corn futures settled down about 2.75 to 3.5 cents, closing 5-6 cents off early session lows; the CmdtyView national average Cash Corn price was up 0.75 cent at $4.15 3/4. Some deferred corn contracts were higher while front-month contracts gave back intraday gains. Crude oil also moved notably, closing down $2.51 on the session.