Corn Slipping Back on Wednesday Morning Trade

Corn price action is fractionally to 1 ¼ cents in the red so far on Wednesday morning. Futures posted steady to penny higher trade across the front months on Tuesday. Open interest was up 3,523 contracts. The CmdtyView national average Cash Corn price was steady at $3.95 1/4. The average close for December futures in February has been $4.58, as the base spring price for crop insurance is underway. The monthly WASDE update from the USDA showed the US ending stocks cut by 100 mbu, with carryout projected ...