Corn Pops Higher on Wheat's Coattails
The price of corn is rising on Wednesday, up 3 to 4 cents so far in the morning. This increase follows double-digit gains in wheat prices, which are providing support for corn.
Futures posted marginal losses on Tuesday, with contracts down 1 to 2 cents across the board. The CmdtyView national average Cash Corn price was down a penny at $4.07 3/4.
A storm system brought heavy localized rains and strong winds to parts of the I-states and OH on Tuesday, causing flash flooding in some areas. The extent of actual damage is unknown at this time.