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Barchart
Barchart
Austin Schroeder

Slipping to Start Wednesday Trade

CmdtyView

Corn price action is down 1 to 2 cents early on Wednesday. Futures posted gains across most contracts on Tuesday with contracts closing up 1 to 2 cents. Preliminary open interest was up 5,489 contracts on Tuesday, with 17,230 contracts still exiting the Dec. The CmdtyView national average Cash Corn price was up 2 cents at $3.98 1/4. 

After a near month and a half hiatus, USDA released their Crop Progress report showing 91% of the corn crop harvested as of 11/16, behind the 94% average harvest pace over the last 5 years. 

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