Corn futures are extending a sharp liquidation move, down another 8 to 9 cents at midday, as selling pressure continues from the past few weeks. The CmdtyView national average cash corn price was also softer at $3.88 1/4, while USDA reported a private export sale of 115,000 MT of corn. The tone is bearish for corn prices, but the article is more market-specific than broadly macro-moving.
Corn futures are extending a sharp liquidation move, down another 8 to 9 cents at midday, as selling pressure continues from the past few weeks. The CmdtyView national average cash corn price was also softer at $3.88 1/4, while USDA reported a private export sale of 115,000 MT of corn. The tone is bearish for corn prices, but the article is more market-specific than broadly macro-moving.
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Request DemoOverall Sentiment
moderately negative
Sentiment Score
-0.35
