Why are corn futures slipping lower on Tuesday?

Corn futures are slipping lower on Tuesday, as contracts are fractionally to 2 cents in the red. We got confirmation to a slowdown in US planting on Monday, but traders are looking ahead towards a period... Technical analysis of Chicago SRW Wheat Futures to assist traders and farmers with grain marketing.

How does weather affect the price of corn?

Across the world, the local weather in specific growing regions may impact the supply and thus the price of corn. The USDA World Agricultural Supply and Demand Estimate (WASDE) report offers a monthly comprehensive forecast that often shifts the corn market in an unexpected direction.

Will may corn be planted in the WCB?

There was likely some planting that got done this week in portions of the Eastern Corn Belt, with parts of the WCB receiving decent rainfall totals. There were 0 contracts delivered against May corn over the weekend, with the oldest long now dated 4/25/24.