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Austin Schroeder

EXPLAINED: Corn closing in on unchanged at midday - The Real Truth

Lula da Silva CmdtyView Brazil

Corn futures are off their overnight lows, with contracts holding onto fractional losses at midday on Monday. The CmdtyView national average Cash Corn price is down ½ cent at $4.16 1/2.

Following elections in Brazil over the weekend, President Lula da Silva was reelected in a surprise that has sent the Brazilian real down over 9% to the dollar this morning. The weaker currency makes their beans cheaper by comparison to the US.

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