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Austin Schroeder

HISTORICAL FACTS: Corn claws back off lows into tuesday s close | History Defined

Oil CmdtyView United States Strait of Hormuz

Corn futures closed the Tuesday session with 1 to 3 cents losses across most contracts. The CmdtyView national average Cash Corn price was down 1 1/4 cents to $4.09 3/4. Crude oil was down $8.38 on the day as the US began escorting vessels through the Strait of Hormuz, though they did bounce $8 off the low on reports that Iran was placing mines in the waterway.

EIA will be released on Wednesday, with traders looking for ethanol production to bounce from the week prior. 

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