Corn is falling back in early Monday trade, down 7 to 8 cents so far. Futures closed the Friday session mixed, with front months down ½ to 2 cents and deferred contracts for the 2027 crop steady to a penny higher. July options expired today, with first notice day on Tuesday. July futures were down 4 ¾ cents last week, with December down 2 ½ cents. The CmdtyView national average Cash Corn price was 1 3/4 cents lower at $3.85 1/4.
The updated 7-day QPF from NOAA showed 1 to 3 inches of rain over the next week, mainly in the Eastern half of the Dakotas, MN, eastern NE through the northwest half of IA and Wi. The south east portion of IA, MO, and the ECB remain dry in the next week.
