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Corn Falling Back on Thursday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEconomic Data

Corn futures are edging lower after Wednesday’s gains, with nearby contracts down as much as 2 cents at midday while new-crop contracts are fractionally lower. The CmdtyView national average cash corn price rose 2 cents to $4.12 3/4, and morning Export Sales data showed 1.4 MMT of sales, indicating mixed but modestly supportive fundamentals.

Analysis

Corn futures are edging lower after Wednesday’s gains, with nearby contracts down as much as 2 cents at midday while new-crop contracts are fractionally lower. The CmdtyView national average cash corn price rose 2 cents to $4.12 3/4, and morning Export Sales data showed 1.4 MMT of sales, indicating mixed but modestly supportive fundamentals.

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Market Sentiment

Overall Sentiment

neutral

Sentiment Score

-0.05