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Barchart
Barchart
Austin Schroeder

EXPLAINED: Corn posting turnaround tuesday rally - The Real Truth

Corn futures are posting 5 to 6 ¼ cent gains across most contracts on Turnaround Tuesday. The CmdtyView national average Cash Corn price is up 5 3/4 cents at $3.85. 

Crop Progress data showed 85% of the US corn crop dented as of Sunday, with 41% mature. Harvest was pegged 7%, matching the 5-year average pace. Condition ratings were down 1% to 67% gd/ex, as the Brugler500 index was 3 points lower to 372. The only of the major states to see an increase in conditions were IL (+2), NE (+3), and OH (+1). Conditions dropped in IN (-7), IA (-4), MN (-3), MO (-3), and ND (-4).

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