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Barchart
Austin Schroeder

Corn Holding onto Wednesday Weakness with Pressure from Crude

ADM CmdtyView Oil crude oil United States

Corn futures are trading with 8 to 10 cent losses in the front months on Wednesday. There were 304 deliveries issued against May futures overnight, all by the ADM house account. The CmdtyView national average Cash Corn price is 10 cents lower on the day to $4.28 3/4. 

Crude oil is down $6.71 at midday following the US and Iran closing in on reaching a memorandum of understanding that would, among other things, allow for the safe passage through the Strait of Hormuz as well as a path to ending to conflict.

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