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Austin Schroeder

FORGOTTEN HISTORY: Corn easing lower on tuesday | History Defined

IN MO CmdtyView NASS MI United States

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.

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