CROPS NEWS
Corn Index Closes Below $4
Katie Micik DTN Markets Editor
Thu Jul 3, 2014 11:43 AM CDT

OMAHA (DTN) -- The DTN National Average Corn Index was calculated at $3.98 on Tuesday and fell again Wednesday evening.

"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," DTN Senior Analyst Darin 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 fell a similar amount, dropping to $3.95 ...

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