Corn futures are giving some of the Monday gains back on Tuesday with midday losses of 1 to 2 cents. The CmdtyView national average Cash Corn price is down 1 3/4 at $3.75 1/4.
Late on Monday, NASS reported that 74% of the US corn crop was dented, with 25% listed as mature. Initial harvest progress was reported at 4% complete. Harvest was at 1% in IN and 2% in IL, with MO at 9% complete. Condition ratings were down 1%, as expected to 68% gd/ex, with the Brugler500 index down 1 point to 375. Noticeable ratings drops were noted in OH, down 23, with MI dropping 10 and IA down 9.
Sep 25 Corn is at $4.01 3/4, down 1 1/4 cents,
Nearby Cash is at $3.75 1/4, down 1 3/4 cents,
Dec 25 Corn is at $4.20, down 1 3/4 cents,
Mar 26 Corn is at $4.38 1/4, down 1 1/4 cents,
New Crop Cash is at $3.75 1/4, down 1 3/4 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
