Losing streak continues: CME Corn down $4.75 to $591.75 adding to its seven days of losses

Corn is down to $591.75 per bushel, after ending yesterday at $596.5. Overall, a 0.8% loss or $4.75 today.

In the meantime, negative performances are also seen in other Grains as Rough Rice is down to $18.32, losing 5 cents, after closing at $18.36 in the preceding trading session.

With markets struggling for positive sentiment, upcoming macro data could potentially attract buyers in the market as United States Crude Oil Inventories expected to decline to -1.6 million while its preceding data was -1.28 million, data will be available tomorrow at 14:30 UTC.

Furthermore, United States Consumer Price Index is expected tomorrow at 12:30 UTC. United States Core Consumer Prices figure is projected at 0.4%. It previously stood at 0.4%; data will be released tomorrow at 12:30 UTC.

The commodity has been trending lower for about a month. The Corn future is now trading 11.76% below its 3-month high of $805.5.