Corn futures closed lower due to poor conditions and increased short positions, negative.

From Yahoo Finance: 2025-06-23 18:03:00

Corn futures closed lower on Monday, down 7 to 9 ½ cents, with the national average cash corn price at $3.96 1/4. Crude oil also dropped after US strikes on Iran, with Iran launching a missile attack on a US base in Qatar. USDA Crop Progress report showed corn at 97% emerged, 1 point behind average. Condition ratings down to 70% good/excellent. Export inspections data showed 1.48 MMT of corn shipped last week. Managed money increased net short position in corn futures. Brazil’s second crop corn harvest is at 13% complete. Corn prices closed lower across the board.



Read more at Yahoo Finance: Corn Pressure Lower on Monday, Conditions Drop After the Close