Strength in corn futures contracts came as Chinese import demand remained consistent. Traders reported $4.76 May CBOT bids being met actively in morning trade, ahead of logistics updates from Pacific ports. In September, increasing OPEC+ production and U.S. energy policy supporting more fossil fuel production led WTI and Brent futures prices being slightly lower. However, continued geopolitical tensions tempered the bearish sentiment in the crude oil futures market. Futures based on the S&P 500 Index expire quarterly, on the 3rd Friday in March, June, September, and December. The corn futures contract market faced mixed signals today, with global feed demand stable but rising freight costs trimming margins. September delivery eased to $4.66, showing resistance near the $4.70 mark in technical setups.
