Corn Faces Longest Losing Streak Since Early 2025 on Weak Demand
US corn futures fell for a sixth day, their longest losing streak since March 2025, as harvest pressure and weak exports led hedge funds to sell their positions at a rapid pace.
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US corn futures fell for a sixth day, their longest losing streak since March 2025, as harvest pressure and weak exports led hedge funds to sell their positions at a rapid pace.
US natural gas futures increased slightly as forecasts shifted to show colder weather than previously expected across the eastern US, indicating higher demand for the furnace fuel as consumers crank up the heat. Gas flows to liquefied natural gas export terminals on the US Gulf Coast also rose, leaving less gas within the domestic market and adding upward pressure to prices.
For years, regional US banks lent money to commodities clients, only to watch them take their lucrative hedging activity to Wall Street. Now the regionals want to grab more of a booming business.
Francisco Blanch, commodities and derivatives research head at BofA Securities, explains what a US diesel export ban could mean to domestic prices and the global market. Blanch says there are three considerations the Trump administration needs to weigh before enacting a ban. He speaks on โBloomberg Surveillance.โ (Source: Bloomberg)