Corn futures were quietly higher on the day, finding a little bit of buying interest that seemed to be based on the firmer bean market. Bean ended the day around a nickel better but were off of the session highs. The general trade sentiment seems to be that a little bit of progress in being made on U.S. and Chinese trade relations. This has offered some strength to the bean market this week. Other fresh news has been quiet. Outside markets saw Crude Oil up 32 cents, the Dow was up 208 points, and the Dollar Index was a little firmer.
This data and these comments are provided for information purposes only and are not intended to be used for specific trading strategies. Although all information is believed to be reliable, we cannot guarantee its accuracy or completeness. The risk of loss in trading futures and/or options is substantial. Each investor must consider whether this is a suitable investment. When trading futures and/or options, it is possible to lose more than the full value of your account.
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