Corn Bulls Taking a Breather on Wednesday Morning

Corn futures experienced a pullback during Wednesday morning trading following a strong Tuesday session. Prices declined 7 to 8¼ cents, reversing some of the previous day’s gains when futures had advanced 6 to 8¾ cents across most contracts to reach new highs. Despite the midweek retreat, market activity remained noteworthy, with open interest increasing by 19,874 contracts on Tuesday, suggesting net new buying pressure underlying the market.
September corn futures closed at