Commodities
Corn Futures Sink on Weak Export Sales
Corn futures closed lower on Thursday, with losses ranging from fractional to 2.5 cents across various contracts.
The CmdtyView national average Cash Corn price dropped by 1.25 cents to $4.83 3/4.
A wet weather pattern is expected in the central US over the next seven days, with some areas potentially receiving up to four inches of rain.
The latest Export Sales data showed corn sales totaling 838,328 metric tons for the week ending September 17, which fell short of trade expectations ranging from 0.8-1.4 million metric tons.