Corn Slips Lower on Thursday, as the Trade Looks Past USDA Reports

Corn futures fell 1½ to 3¼ cents while the CmdtyView national average cash corn price slipped 3 cents to $4.05 1/2. Crude oil rose $4.06 on Thursday. South Korean importers bought 136,000 metric tons of corn in overnight tenders, a modest sign of offshore demand; overall moves are small and appear routine.

Analysis

Corn futures fell 1½ to 3¼ cents while the CmdtyView national average cash corn price slipped 3 cents to $4.05 1/2. Crude oil rose $4.06 on Thursday. South Korean importers bought 136,000 metric tons of corn in overnight tenders, a modest sign of offshore demand; overall moves are small and appear routine.