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Austin Schroeder

Corn Under Pressure from Crude on Tuesday, As USDA Report Shows No Surprises

USDA United States Oil CmdtyView

Corn futures are trading with 4 to 6 cent losses across most contracts on Tuesday There were 156 deliveries issued against March corn overnight. The CmdtyView national average Cash Corn price is down 4 3/4 cents to $4.05 ½. Crude oil is down another $9.69 as more risk premium comes off the table following President Trump signaling the ongoing conflict may be nearing an end late on Monday.

USDA’s monthly WASDE report from this morning showed no changes on the US balance sheet, as carryout was left at 2.127 bbu.

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