Corn futures experienced a slight decline on Tuesday, falling between 1 ¼ to 3 ¼ cents across front-month contracts, with a notable drop in open interest by 14,092 contracts. The CmdtyView national average cash corn price rose by 1 cent to $4.06 3/4, while March corn closed at $4.34 1/4, up 1 cent, before currently being down 1 1/4 cents.
A private export sale reported by the USDA disclosed the sale of 196,000 metric tons of corn to unknown destinations on Tuesday morning. Additionally, the EIA is expected to release data showing steady ethanol production for the week ending last Friday.
