Corn prices are showing fractional to penny gains so far on Wednesday. Futures were hit with Turnaround Tuesday weakness, as contracts fell 3 to 4 cents in the nearbys. Light new selling interest was noted, with preliminary OI up 1,883 contracts. The CmdtyView national average Cash Corn price was down 3 cents on Tuesday at $3.79 1/2.
The average close for December corn futures was left at $4.19 with the Tuesday close included. With just 8 trade days left to find the harvest crop insurance price that remains above the $4.16 from last year’s fall price and below the $4.70 from the spring.
