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CBOT Corn Futures Fall for Third Consecutive Day, Down 0.5% Amid Oil Decline and Favorable Midwest Weather

2026-06-23 23:42:59

According to Jin10 Futures, CBOT corn futures fell for the third consecutive day on Tuesday (June 24), with the benchmark contract down 0.5%. The decline reflects a drop in international crude oil prices and favorable weather conditions across the U.S. Midwest. Corn futures typically follow crude oil trends, as corn is a common feedstock for biofuel production. Additionally, speculative funds have significantly reduced their net long positions in CBOT corn over recent weeks, intensifying selling pressure.

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