Corn futures fall as December contract closes at $4.89
Updated
Updated · DTN The Progressive Farmer · May 8
Corn futures fall as December contract closes at $4.89
6 articles · Updated · DTN The Progressive Farmer · May 8
The December contract settled Thursday at $4.89, down from $5.05 two days earlier, with the Strait of Hormuz cited as easing market pressure ahead of the weekend.
The report said round-number trading around May 5 also likely influenced orders, while some farmers can still make current futures prices work despite higher production costs.
Broader grain fundamentals remain in focus, including large US and Ontario corn acreage, weather risks and expectations that a Super El Nino could support strong yields.
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