Corn futures were trading lower on Thursday, with contracts down 2 to 3 cents by midday. The CmdtyView national average Cash Corn price retreated 2 3/4 cents to $4.82 1/4.
Export sales data released this morning showed 31,220 MT of old crop corn sold for the week, which provided limited support to the market. Despite the export figures, overall sentiment remained bearish as traders weighed profit-taking pressures against supply concerns heading into the planting season.
Also Read
- Extended Trading Movers: Gap Surges on Old Navy Leadership Change; Autodesk, Rubrik Slide on Guidance
- New Jersey’s ‘Fibes’ Resurrect Kellogg’s Raisin Bran Partnership for NYC Finals, Igniting New Revenue Blueprint for MLP
- Police Launch Arson Inquiry After Fire at MP’s Toronto Residence
- Rep. Chuck Edwards Defends ‘Affectionate Friendship’ as Basis for Ethics Censure
