March corn futures edged down to $4

March corn futures edged down to $4.46 as dollar strength weighed on commodity prices. A stronger greenback makes U.S. corn less competitive internationally, pressuring speculative longs to trim positions ahead of Friday’s CFTC commitment of traders data. The third is, I think, a growing lack of confidence in the United States. Again, we can see this by the number of central banks that continue to buy gold and the fact that sometimes the dollar pops up, sometimes it settles down, but there's getting to be less interest in the US dollar and more interest in gold, again, as a safe haven market since you really can't rely much on the United States these days. Across the world, the local weather in specific growing regions may impact the supply and thus the price of corn. March corn futures slipped to $4.45 following a drop in CBOT open interest, indicating reduced speculative appetite. Commercial hedgers continue to lock in forward sales, dampening the potential for sharp upward moves.