Corn futures are trading with contracts steady to fractionally lower on Tuesday. The CmdtyView national average Cash Corn price is down 1/2 cent at $4.78 1/2.
The Monday NASS Crop Progress report showed 72% of the US corn crop listed as mature as of September 27, with harvest at 18% complete and now matching average pace. Condition ratings were steady this week at 57% in good to excellent condition, as the Brugler500 index unchanged at 347.
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The 7-day QPF from NOAA shows heavy rains aross the central and western corn belt in the couple days, with the ECB looking wetter in the latter half of that period.
Ahead of the Wednesday Grain Stocks report from NASS, traders surveyed by Bloomberg are looking for September 1 stocks of corn at 1.911 billion bushels. That would be well above the 1.551 bbu from last year, but a modest reduction from the WASDE estimate for 2025/26 US corn ending stocks.
Dec 26 Corn is at $5.22 1/4, down 3/4 cent,
Nearby Cash is at $4.78 1/2, down 1/2 cent,
Mar 27 Corn is at $5.36 1/2, unch,
May 27 Corn is at $5.43 1/2, unch,
On the date of publication,
Austin Schroeder
did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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