Corn futures saw midweek pressure on Wednesday, with contracts down 2 ½ to 9 ½ cents at the close. The CmdtyView national average Cash Corn price was down 9 1/2 cents to $4.26 1/2. Crude oil losses of $5.07 is adding pressure as US and Iran negotiations are reportedly in the nearing the finish line.
A wet forecast for much of the US growing region with a decent portion of the US crop planted was a pressure factor. Lack of confirmation from China on the White House $17 billion figure from the weekend has also weighed on the market.
