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Barchart
Austin Schroeder

SHOCKING: Corn sneaking lower on thursday am trade | Mind Blowing Facts

IN SD NE MO

Corn prices are fractionally to 1 ¾ cents in the red so far on Thursday morning. Futures closed with Wednesday losses of 4 to 5 1/4 cents across most contracts, as bulls struggled to follow through with the Tuesday gains. Preliminary open interest was up 2,233 contracts on Wednesday, as the front three contracts showed some liquidation. The CmdtyView national average Cash Corn price was down 5 cents at $3.74 3/4. 

Weekly ethanol data will be released this morning due to the Monday holiday, with some looking for production to be steady to slightly lower vs. last week. The Export Sales report is delayed until Friday.

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