Corn Futures Surge Despite Five-Week Low Amid Selling Pressure
Corn futures rose 1.5 cents to $5.02 1/4 on October 1, despite earlier hitting a five-week low.
The market experienced choppy trade amid selling pressure after a bearish USDA quarterly grain stocks report.
Technical selling and weak long liquidation were prominent features of the session, as the chart posture for corn has significantly deteriorated.