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Barchart
Austin Schroeder

Corn Showing Early Wednesday Strength

USDA

Corn prices are up 3 to 5 cents so far on Wednesday morning. Futures fell back off midday gains on Tuesday, with contracts steady to 1 ½ cents lower, with a ¾ cent gain in front month July. Open interest was up 17,705 contracts on Tuesday, with the roll out of July continuing, down 30,247 contracts and September up 34,228. The CmdtyView national average Cash Corn price was up 1 1/2 cents at $3.86 1/4.

USDA reported a private export sale of 120,000 MT of old crop corn to unknown destinations on Tuesday morning.

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