Pre-Opening Corn Market Report for 9/17/2012

By International Business Times,  September 17, 2012, 10:38:33 AM EDT

December corn is trading 14 cents lower near 7:30 am CST and there were 18 September corn deliveries overnight bringing the month-to-date total to 18 contracts. Dalian corn traded 0.7% lower overnight. Most commodity markets were under pressure overnight following the higher trade on Friday. Tensions in the Middle East along with a more cautious mood by investors weighed on markets. The Euro fell against the US Dollar which added to the negative tilt to commodities. Corn was also pressure from a sharply lower soybean market and a weaker trade in crude oil.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

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