Midweek Losses in Corn Market

Wednesday, 27 March 2024, 18:20

The midweek saw a 3 to 3 ¾ cents decline in corn futures, with May initially dropping by 5 cents. The increase in open interest before Thursday's reports and EIA's ethanol output data are key highlights. The market trend reflects ongoing shifts in corn prices.

Midweek Losses in Corn Market

Corn futures are falling by 3 to 3 ¾ cents through Wednesday’s midday. May was down by 5 cents earlier in the day.

Market Activity

Open interest continues to rise ahead of Thursday’s reports, up 2,573 contracts on Tuesday’s lower market.

EIA's Ethanol Output

EIA reported ethanol output averaged 1.054 million barrels per day during...

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.