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Barchart
Barchart
Austin Schroeder

RARE PHOTOS: Corn pullback extends into midday well off of lows | Rare Historical Photos

CmdtyView CME

Corn prices are 2 to 3 cents lower in late morning Tuesday activity at the CME. Futures closed out the Monday session 4 to 5 ½ cents in the red. Preliminary open interest was down 1,259 contracts on Monday. The CmdtyView national average new crop Cash Corn price was $3.775 this morning, down 2 ¾ cents. 

USDA’s NASS division weekly Crop Progress data indicated 56% of the US corn crop was silking as of 7/20, trailing the 5-year average by 2 points. The crop was 14% in the dough stage, vs. the 12% average. Condition ratings were unchanged at 74% gd/ex and 385 on the Brugler500 index. Iowa condition ratings were the strongest, with Michigan rated the worst among the bigger acreage states.

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