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Austin Schroeder

YOU WONT BELIEVE: Corn easing lower on wednesday morning - You Need To See This

CmdtyView

Corn prices are 1 to 2 cents back lower on Wednesday morning. Futures rounded out Tuesday trade, with contracts steady to 2 ¼ cents higher, as July slipped ¼ cent. Preliminary open interest was down 20,438 contracts on Tuesday, mostly in May through December. The CmdtyView national average Cash Corn price was steady to $4.11 3/4. Crude was up $2.52 on the day.

EIA data will be released this morning, showing ethanol production and stocks data for the week ending last Thursday. Analysts are looking for output to be steady with last week.

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