Corn prices are down 2–4 cents early Thursday as futures pulled back after Wednesday, after a rebound of nearly 40 cents off last week’s lows. At the close, contracts were down 3 to 8¾ cents, with open interest declining by 3,588 contracts, signaling reduced positioning. The article notes 88 deliveries were issued, but the immediate driver is the near-term easing in price momentum.
Corn prices are down 2–4 cents early Thursday as futures pulled back after Wednesday, after a rebound of nearly 40 cents off last week’s lows. At the close, contracts were down 3 to 8¾ cents, with open interest declining by 3,588 contracts, signaling reduced positioning. The article notes 88 deliveries were issued, but the immediate driver is the near-term easing in price momentum.
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mildly negative
Sentiment Score
-0.25
