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Austin Schroeder

Corn Holding Steady as US and Japan Stike Trade Deal

Japan NE United States CmdtyView MI MO

Corn prices are sticking close to unchanged on Wednesday morning. Futures edged back towards their intraday lows at the Tuesday close, settling with 4 to 5 cent losses. Preliminary open interest showed net new selling, up 18,351 contracts on Tuesday, The CmdtyView national average new crop Cash Corn price was down 4 ½ cents on Tuesday at $3.765.

Japan and the US agreed to a trade deal that was announced late on Tuesday. Tariffs will be set at 15% starting August 1. It also expects to boost rice imports by Japan, with Japan buying $8 billion in ag goods.

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