Corn Prices Decline on Tuesday Amid Market Pressure

Reported 1 day ago

On Tuesday, corn futures fell by up to 2 cents as market contracts faced technical pressure, with the national average cash corn price ending at $3.77. December futures have averaged $4.20 this month, impacting the harvest price for crop insurance. Traders are awaiting EIA data that may indicate a rebound in ethanol production, while a survey predicts a yield drop to 185 bpa despite a government shutdown delaying the Crop Production report.

Source: YAHOO

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