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Austin Schroeder

Corn Getting an Early Turnaround Tuesday Bounce

Donald Trump the Department of War

Corn price action is up 2 to 3 cents so far on Tuesday morning. Futures closed the Monday session with contracts down 1 ½ to 6 cents in most contracts at the close. Pressure was from a President Trump post ordering the Department of War to postpone some military strikes on Iran. Preliminary open interest was down 3,391 contracts on Monday, with the most in nearby May (-9,034) and December (-1,035) The CmdtyView national average Cash Corn price was down 6 cents to $4.17 3/4.

USDA reported a private export sale of 102,000 MT of corn sold to Mexico on Monday morning.

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