Corn prices are down 1 to 2 cents early on Wednesday. Futures posted fractional to 2 ½ cent gains across the board on Tuesday, following the rest of the grains and a $4.09 gain in crude oil after a weaker morning session. Open interest was down 2,782 contracts on Tuesday. The CmdtyView national average Cash Corn price was up 3 1/4 cents at $4.87.
Early harvest progress may be slowed this next week, with 1 to 3 inches seen in parts of KS, NE and SD through IA and the rest of the Eastern Corn Belt. The heaviest totals are seen in MN, WI, and MO.