CROPS NEWS
Corn Index Could Close Below $4
Katie Micik DTN Markets Editor
Wed Jul 2, 2014 03:21 PM CDT

OMAHA (DTN) -- The DTN National Average Corn Index was calculated at $3.98 on Tuesday and is likely to fall again on Wednesday evening, DTN Senior Analyst Darin Newsom said.

"If the market stays under pressure, this could be the first weekly settlement below $4.00 by the national average corn price since the week of Aug. 23, 2010," Newsom said. "Basis has weakened over the last couple of days, and if it continues that way, it could be a bad sign for corn."

The September corn futures contract declined 3 3/4 cents on Wednesday. The national average cash price is ...

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