Corn Fading Lower at Midday

Austin Schroeder Barchart Tue Jan 14, 12:01PM CST
Ear of corn - by Couleur via Pixabay

Corn futures are posting 1 to 2 cents losses at midday on Turnaround Tuesday, pulling back from early morning strength. The national average Cash Corn price from cmdtyView is down 2 cents at $4.40 1/4.

Commitment of Traders data showed a managed money spec funds adding 24,540 contracts to their net long position as of January 7, to a net long of 253,346 contracts. Commercials were listed as adding 22,497 contracts to their net short at 448,332 contracts as of last Tuesday.

CONAB numbers were released this morning, with the Brazilian corn crop trimmed just slightly by 0.08 MMT to 119.55 MMT.

Mar 25 Corn is at $4.74 3/4, down 1 3/4 cents,

Nearby Cash is at $4.40 1/4, down 2 cents,

May 25 Corn is at $4.85 1/4, down 1 1/2 cents,

Jul 25 Corn is at $4.89, down 1 cent,


On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.