Corn Slips Lower into the Close

Corn futures gave back Monday's gains, finishing steady to 1 1/4 cents lower and 5-6 cents off the highs. The CmdtyView national average cash corn price slipped 1/2 cent to $4.02 3/4, while crude oil was up $1.42 but still well off its intraday highs. The move suggests modest weakness in grain prices rather than a major trend shift.

Analysis

Corn futures gave back Monday's gains, finishing steady to 1 1/4 cents lower and 5-6 cents off the highs. The CmdtyView national average cash corn price slipped 1/2 cent to $4.02 3/4, while crude oil was up $1.42 but still well off its intraday highs. The move suggests modest weakness in grain prices rather than a major trend shift.