Corn Prices Fall Back from Wednesday Rally
Corn futures took a step back on Thursday after rallying on Wednesday, with prices falling by 5 to 9 cents at the close.
The CmdtyView national average Cash Corn price dropped by 9 cents to $4.18 1/4.
Export Sales data for the week of August 6 showed a total of 410,748 MT sold for old crop, which was a 5-week high and significantly above last year's net cancellations.
The top buyers were Spain with 257,600 MT and Mexico with 74,000 MT.