
Corn prices are down 3 to 5 cents so far on Tuesday’s midday. The CmdtyView national average Cash Corn price is down 5 cents at $4.09 1/4. Crude oil is up $2.48 at midday ahead of President Trump’s Tuesday night deadline for Iran. Corn longs may be taking some risk off the table heading into the evening.
Ahead of the Thursday WASDE update, analysts surveyed by Bloomberg are looking for a slight increase (3mbu) from March to 2.13 bbu for the US carryout projection.