Corn Prices Slide as Trade Deal with Indonesia is Announced

Corn futures are down 12 to 16 cents, with the national average cash price at $3.90 ¾. A private export sale of 135,000 MT was reported by the USDA. Corn export shipments for the week ending on July 3 were up 7.97% from last week. President Trump’s speech lacked trade news, but reports indicate a $34 billion trade deal with Indonesia, including corn and soybeans. Rain is expected in the Corn Belt, with the Brazilian second corn crop estimated at 28% harvested. Corn prices are down across the board.

Read more at Yahoo Finance: Corn Losses Pushing to Midday