Corn futures are trading with contracts fractionally to a penny lower at midday on Tuesday. The CmdtyView national average Cash Corn price is down a penny to $4.36 3/4.
NASS Crop Progress data showed the US corn crop at 76% planted as of Sunday, which was 6% ahead of the 5-year average pace of 70%. The only states to be behind average pace for planting are Kansas, Michigan, and North Carolina. The crop was also 39% emerged, which is 2 percentage points faster than normal.
A couple South Korean importers purchased a total of 135,000 MT of corn in separate tenders overnight.
Jul 26 Corn is at $4.76, down 1 cent,
Nearby Cash is at $4.36 3/4, down 1 cent,
Sep 26 Corn is at $4.81 3/4, down 1/2 cent,
Dec 26 Corn is at $4.98, unch,
New Crop Cash is at $4.51 1/1, down 1/4 cent,
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.
More news from Barchart
- Grain and Cotton Bulls Are Eating ‘Humble Pie’ After Selloff, But They’re Still in Charge of Prices
- Corn Prices Are Headed Higher. The Bulls Are in Control.
- Buy Corn Here If You Agree That Grains Will Be the Next Commodities to Rocket Higher Like Silver
- Grain Bulls Wobble as Crude Oil Prices Slump. What to Watch Next.
