Corn Posting Midday Losses on Friday

Core Insights - The corn market is experiencing a decline, influenced by losses in the soybean market and external pressures from falling crude oil prices [1][2] Group 1: Market Performance - Corn contracts are down 3 to 4.5 cents at midday, with the CmdtyView national average Cash Corn price at $3.71 1/4, reflecting a decrease of 4.5 cents [1] - The December 25 Corn price is reported at $4.13 3/4, down 4.5 cents, while the March 26 Corn price is at $4.29 1/2, also down 4.5 cents [2] - The May 26 Corn price is at $4.39, down 3.75 cents [2] Group 2: External Influences - The market is facing spillover pressure from significant losses in the soybean market, attributed to a post by President Trump [1] - Additionally, the corn market is affected by a $2.55 decline in crude oil prices, contributing to the overall downward trend [1]