Corn futures are trading with fractionally mixed action on Tuesday, shrugging off early weakness. The CmdtyView national average Cash Corn price is down 1/2 cent to $4.10. Crude is up $2.52 at midday.
Ukraine’s economic ministry estimates the country will plant 4.42 million hectares (10.92 million acres) of corn this spring. Overall grain acreage is estimated at 6 million hectares (14.83 million acres), up 240,000 (593,000 acres) from last year. Coceral estimates the UK and EU corn crop at 60.7 MMT, up 1.8 MMT from the previous estimate.
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May 26 Corn is at $4.53 1/2, down 1/2 cent,
Nearby Cash is at $4.10, down 1/2 cent,
Jul 26 Corn is at $4.65 1/2, down 1/4 cent,
Sep 26 Corn is at $4.68, up 3/4 cent,
