Corn futures fell back on Tuesday with contracts down 1 to 3 ¼ cents across most nearbys. The CmdtyView national average Cash Corn price was down 2 cents at $3.69 3/4.
USDA’s Crop Progress report showed condition ratings steady at 71% good/excellent, as the Brugler500 index was down 1 point to 381 on a 1% move from excellent to good. Ratings in IL were down 7 points, with IA slipping 4, as well as ND. Improvement was noted in MI (+12), with MO, MN, and NE up 2 point, and OH 14 points higher.
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Brazil’s August exports are estimated to total 7.8 MMT according to ANEC, which was a drop of 0.25 MMT from their previous estimate.
Sep 25 Corn closed at $3.87 1/2, down 1 3/4 cents,
Nearby Cash was $3.69 3/4, down 2 cents,
Dec 25 Corn closed at $4.09 1/2, down 2 3/4 cents,
Mar 26 Corn closed at $4.26 1/2, down 3 1/4 cents,
New Crop Cash was $3.67, 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
