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Barchart

Austin Schroeder

Corn Posting Fractional Gains on Thursday

Corn price action is fractionally higher on Thursday morning. Futures closed the midweek session with contracts down fractionally to 1 ½ cents in the nearbys. New crop contracts saw 1 to 2 ¼ cent gains. Open interest was up 23,996 contracts on Wednesday. The CmdtyView national average Cash Corn price was down 1 1/4 cents at $3.94.

The average close for December futures in February has been $4.58, as the base spring price for crop insurance is underway. Last year it was $4.70.

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