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Corn Comes Back to Close with Slight Gains on Tuesday

Commodities & Raw MaterialsCommodity FuturesFutures & OptionsEnergy Markets & PricesEconomic DataMarket Technicals & Flows

Corn futures were essentially flat, closing steady to +2.25 cents while the July contract slipped -0.25 cents; the CmdtyView national average cash corn price was $4.11 3/4. Crude oil rose $2.52 on the day, and upcoming EIA ethanol production data due Wednesday could affect corn demand tied to ethanol blending.

Analysis

Corn futures were essentially flat, closing steady to +2.25 cents while the July contract slipped -0.25 cents; the CmdtyView national average cash corn price was $4.11 3/4. Crude oil rose $2.52 on the day, and upcoming EIA ethanol production data due Wednesday could affect corn demand tied to ethanol blending.

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