Corn Falling at Tuesday’s Midday

Corn futures are down 3 to 5 1/4 cents at midday, while the CmdtyView national average cash corn price fell 5 1/4 cents to $4.18 1/4. Export inspections showed 1.582 MT, or 62.27 mbu, of corn shipped in the week ended May 21. The update points to mild near-term pressure in the corn market rather than a major demand shock.

Analysis

Corn futures are down 3 to 5 1/4 cents at midday, while the CmdtyView national average cash corn price fell 5 1/4 cents to $4.18 1/4. Export inspections showed 1.582 MT, or 62.27 mbu, of corn shipped in the week ended May 21. The update points to mild near-term pressure in the corn market rather than a major demand shock.