# Softening crude prices weighing on corn market - Brownfield Ag News

> Corn futures are sliding partly because crude oil is softening, with crude closing down $1.85 on Tuesday as OPEC talks on possible 2017 output limits appear to be faltering. Analyst Al Kluis says the oil-corn price link is one of several bearish factors alongside large US production.

- Date: 2016-11-29 · published 2016-11-29T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/73881-softening-crude-prices-weighing-on-corn-market-brownfield-ag-news
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower crude weakens the ethanol and energy-linked support for corn, adding to downward pressure on feed grain prices for buyers.

## Read by commodity

- WTI: bearish ▼
- CORN: bearish ▼

## Sources

- brownfieldagnews.com: https://brownfieldagnews.com/news/softening-crude-oil-market-dragging-corn-futures/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.