CBOT corn edges up after falling to three-month low
Bullish strength: 35/100
- December CBOT corn futures settled 1.25 cents higher at $4.63¼ per bushel.
- Potential de-escalation in the Russia-Ukraine war could improve grain shipping conditions.
Bearish strength: 65/100
- Corn had fallen to a three-month low earlier in the session.
- Dry Midwest weather is accelerating harvesting of an expected second-largest US crop on record.
- Fund long liquidation added further selling pressure.
- Favorable harvesting weather is expected through at least Friday.
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.