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Corn Collapse on Wednesday, as USDA Reports Larger than Expected Stocks
Source: Nasdaq
Commodity FuturesCommodities & Raw MaterialsEconomic Data
Corn futures sold off following the USDA quarterly Grain Stocks report, with front-month contracts down 18.25-21.25 cents and 2027 crop contracts ranging from unchanged to 9.25 cents lower. The CmdtyView national average cash corn price fell 20.75 cents to $4.58, indicating bearish supply-related pressure across the corn market.
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