Corn futures retreat from highs despite record planting pace.

Ted Seifried of Zaner Ag Hedge reviews a volatile session for corn futures as the market pulls back from recent peaks. While December corn notched a new contract high, July corn corrected after hitting its highest level since late March, with its RSI dropping from 68% to 62%. Seifried highlights the blistering pace of U.S. corn planting, currently at 25%-well ahead of both last year and the five-year average. The segment also covers robust weekly export sales of 1.598 million metric tons, reinforcing a marketing year defined by consistently high international demand.