Reported 2 days ago
Corn futures experienced a decline in trading on Wednesday, losing up to 2 cents, with the cash corn price averaging $3.75 3/4. Following a recent trade deal between Japan and the US, which includes a 15% tariff set to begin on August 1 and increased rice imports from Japan, trader interest in corn has waned. In addition, production data shows a slight decrease in ethanol production, while recent export sales may impact future corn demand.
Source: YAHOO