Corn Posting Turnaround Tuesday Gains
Corn futures are trading with contracts up 2 to 4 cents at midday on Tuesday. The front month CmdtyView national average Cash Corn price is up 2 cents at $3.89 1/2.
Crop Progress data showed the US corn crop at 34% silking (1% above average), with 7% of the crop in the dough stage. Conditions were steady at 74% gd/ex and 385 on the Brugler500 index.
Rains are expected to be rather widespread this next week according to NOAA’s 7-day QPF, with much of the Corn Belt seeing 1 to 3 inches.
Sep 25 Corn is at $4.02 1/4, up 2 1/4 cents,
Nearby Cash is at $3.89 1/2, up 2 cents,
Dec 25 Corn is at $4.21, up 3 cents,
Mar 26 Corn is at $4.38, up 3 1/4 cents,
New Crop Cash is at $3.78 1/1, up 2 1/4 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.