Corn are trading with early 2 to 3 cent gains on Tuesday morning. Futures failed to hold onto the Monday gains, closing with contracts steady to 1 ¼ cents lower and 5-6 cents off the highs. Preliminary open interest was up 7,622 contracts on the day. The CmdtyView national average Cash Corn price was down 1/2 cent at $4.02 3/4.
Crop Progress data indicated the US corn crop was 5% planted as of Sunday. That was a 2-percentage point move on the week and compares to the 4% 5-year average pace.
