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Export news supports soy complex on Monday

Corn slipped to fresh 2015 lows Monday. Weather forecasts point to a sustained Midwest dry spell into early May, which could allow spring corn plantings to surge, thereby potentially improving autumn yield prospects. Concerns about the bird flu outbreak and its impact upon feed grain demand also encouraged early-week selling, with the net effect being a corn futures drop to fresh 2015 lows. May corn futures slid 3.75 cents to $3.6075/bushel in late Monday action, while December lost 5.0 to $3.8325.

Markets

Corn slips to fresh 2015 lows Monday at midday

Corn slipped to fresh 2015 lows Monday morning. Weather forecasts point to a sustained Midwest dry spell into early May, which could allow spring corn plantings to vault ahead, thereby potentially improving autumn yield prospects. Concerns about the bird flu outbreak and its impact upon feed grain demand also encouraged early-week selling, with the net effect being a corn futures drop to fresh 2015 lows. May corn futures slid 2.5 cents to $3.62/bushel late Monday morning, while December lost 4.0 to $3.8425.

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