Corn Futures Drop Sharply After USDA Data Release
Corn futures fell significantly Monday following USDA reports showing increased production, stocks, and exports. Prices dropped 22 to 24 cents in front months.
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Latest reporting and analysis by Celine Torp II.
Corn futures fell significantly Monday following USDA reports showing increased production, stocks, and exports. Prices dropped 22 to 24 cents in front months.
US stocks recovered from early losses to close higher Monday, with the S&P 500 hitting a record. Gains came despite pressure from Fed subpoena news and Trump's credit card rate cap threat. Data storage, chip makers, and mining stocks led advances.
Lululemon, Urban Outfitters, and American Eagle released holiday sales updates. Lululemon's stock rose, while Urban Outfitters and American Eagle shares fell. Industry figures commented at the ICR Conference in Orlando and NRF's Big Show in New York.