Market Overview - The corn market experienced downward pressure, closing down 4 to 5 ¼ cents, with December futures 6 cents lower for the week [1] - The national average cash corn price decreased by 5 cents to $3.71 3/4 [1] - The average close for December futures this month has been $4.19, which will be used to determine the harvest price for crop insurance [1] External Influences - The market faced spillover pressure from significant losses in soybean futures, attributed to President Trump's post and impending tariff increases starting November 2 [2] - Additional external pressure came from a $3.31 decline in crude oil prices, further impacting the corn market [2] Harvest Conditions - Harvest activities are expected to continue over the next week, with minimal precipitation forecasted across most of the U.S. [2] - The Buenos Aires Grain Exchange reported that 26% of the Argentina corn crop has been planted [2]
Corn Falls on Friday
Yahoo Finance·2025-10-10 22:03