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Corn Prices Decline on Tuesday

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Corn Futures Dip: Market Shows Signs of Steadying

Corn Prices Decline Amidst Production Updates and Trade Forecasts

Corn futures experienced a Turnaround Tuesday, shifting downward as prices fell by 1 to 2 cents for nearby contracts. The current national average Cash Corn price, according to cmdtyView, slipped by 2 ¼ cents to $4.40.

The weekly EIA data is set for release on Wednesday morning. Analysts mostly anticipate that ethanol production will remain steady or decrease, following a recent increase in stock levels, particularly in the Midwest.

This morning, CONAB released updated figures indicating a slight reduction in the Brazilian corn crop, adjusted down by 0.08 MMT to 119.55 MMT. Additionally, ANEC forecasts that Brazil will export 2.98 MMT of corn in January, which is an increase of 0.8 MMT from earlier predictions.

Mar 25 Corn closed at $4.74 1/2, falling by 2 cents.

Nearby Cash stood at $4.40, a decrease of 2 ¼ cents.

May 25 Corn settled at $4.84 3/4, down by 2 cents.

Jul 25 Corn finished at $4.89, losing 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.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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