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Market Impact: 0.18

Corn Closes Tuesday with Modest Losses

Commodities & Raw MaterialsCommodity FuturesEconomic Data

Corn futures ended Tuesday lower, with contracts down 3/4 to 2 3/4 cents and July down 4 cents to $4.33 3/4. The CmdtyView national average cash corn price slipped 2 1/4 cents to $4.08 3/4, while the weekly Crop Progress report showed 16% of the US corn... indicating modest near-term supply/demand uncertainty.

Analysis

Corn futures ended Tuesday lower, with contracts down 3/4 to 2 3/4 cents and July down 4 cents to $4.33 3/4. The CmdtyView national average cash corn price slipped 2 1/4 cents to $4.08 3/4, while the weekly Crop Progress report showed 16% of the US corn... indicating modest near-term supply/demand uncertainty.

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Market Sentiment

Overall Sentiment

mildly negative

Sentiment Score

-0.22