Corn Weighted Down on Tuesday

Corn futures closed out the Tuesday session with most contracts 2 to 3 ¼ cents lower at the final bell. The CmdtyView national average Cash Corn price was down 3 1/4 cents to $3.92 3/4. 

There was some outside pressure, with losses in wheat adding spillover weakness and crude oil dropping $1.61/barrel.

EIA data will be released on Wednesday with some expecting ethanol production to be steady to slightly lower than last week.

Mar 26 Corn  closed at $4.36 1/2, down 3 1/4 cents,

Nearby Cash  was $3.92 3/4, down 3 1/4 cents,

May 26 Corn  closed at $4.44 1/2, down 3 1/4 cents,

Jul 26 Corn  closed at $4.51, down 2 3/4 cents,

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.