Corn Futures Show Varied Performance at Wednesday's Close
Wednesday, 10 July 2024, 21:43
Market Update Summary
Corn futures closed with a mix of gains and losses on Wednesday, signaling varied performance in the market. Old crop months experienced moderate upticks, while new crop and beyond saw minor declines.
Key Points:
- Old Crop: Up 1 ¾ to 3 cents
- New Crop: Decline of 1 ¼ to 4 ½ cents
- EIA Report: Notable decrease in ethanol production
The market reaction to the EIA report reflected the impact of reduced ethanol production on corn futures.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.