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Market Impact: 0.25

Corn Extending Rally to Monday’s Midday on US/China Trade Details

Commodity FuturesFutures & OptionsCommodities & Raw MaterialsTrade Policy & Supply ChainTransportation & LogisticsMarket Technicals & Flows

Corn futures are trading 14 to 18 cents higher across most nearby contracts at midday, while the CmdtyView national average cash corn price rose 19 3/4 cents to $4.35. Monday morning’s Export Inspections report showed 1.379 MMT, or 54.28 mbu, shipped in the week of 5/14, indicating supportive demand and tighter near-term market tone.

Analysis

Corn futures are trading 14 to 18 cents higher across most nearby contracts at midday, while the CmdtyView national average cash corn price rose 19 3/4 cents to $4.35. Monday morning’s Export Inspections report showed 1.379 MMT, or 54.28 mbu, shipped in the week of 5/14, indicating supportive demand and tighter near-term market tone.

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Market Sentiment

Overall Sentiment

mildly positive

Sentiment Score

0.45