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Austin Schroeder at Barchart.com said, “Corn price action is just fractionally higher on Thursday morning. Futures faded back some of the Tuesday rally, posting Wednesday losses of 2 to 6 cents across most contracts. Open interest was up 8,943 contracts on Wednesday, mainly in the March contract.” Matthew Lucas at Total Farm Marketing said, “The 30-year Treasury yield reached its highest level in more than 24 years on Wednesday, helping support the U.S. Dollar Index near its recent highs. A stronger dollar tends to pressure commodity markets by making U.S. commodities more expensive for foreign buyers and potentially reducing export demand.”
