The corn futures price ticked down to $4.90 as hedge funds rebalanced portfolios before month-end. Market chatter suggests Brazilian harvest pace and currency movements could drive additional short-term fluctuations. Thanks to Jeff Bezos, you can now become a landlord for as little as $100 — and no, you don't have to deal with tenants or fix freezers. Here's how US corn futures rose during the week as market participants said that recent price declines were overdone and after the US announced it had secured a trade deal with Vietnam, with optimism that agreements will soon be reached with India and China. Corn futures price stayed flat at $4.88 despite a sharp drop in crude oil prices. Some traders link ethanol margin compression to potential softness in corn demand, but say end-user buying keeps a floor under prices.
