Corn Prices Dip as Futures See Fractional Gains
Corn prices are showing some weakness on Wednesday morning, down by 1 to 2 cents from the previous day. This comes after futures saw fractional to 2 ½ cent gains across the board on Tuesday, following other grains and a $4.09 increase in crude oil.
The open interest was down 2,782 contracts on Tuesday, which could be an indicator of trader sentiment.
The CmdtyView national average Cash Corn price is currently at $4.87, up 3 ¼ cents from the previous day.