Corn futures are buying and selling with 2 to three ½ cent positive aspects throughout most contracts on Tuesday. The CmdtyView nationwide common Money Corn value is down 2 3/4 cents at $3.62.
Monday afternoon’s weekly Crop Progress report confirmed the US corn crop at 97% silking, with 72% within the dough stage, each 1% again of regular. The crop was additionally listed at 27% dented as of Sunday, with 3% mature. Circumstances slipped 1 level this week, to 71% gd/ex and 382 on the Brugler500 index.
The annual ProFarmer crop tour began on Monday, with the Ohio crop pegged at 185.69 bpa, up from 183.29 bpa final 12 months and the 180.47 3-year common. USDA is on the lookout for a 19 bpa improve yr/yr. Yield in South Dakota was estimated at 174.18 bpa, which is up 17.67 bpa from final 12 months’s tour complete and properly 30.05 bpa above the 3-year common. USDA was on the lookout for a 4 bpa improve from final 12 months in final Tuesday’s report.
Brazil’s corn exports are pegged at 8.05 MMT for August based on ANEC, which is up 0.08 MMT from final week’s estimate.
Sep 25 Corn is at $3.80, down 3 cents,
Close by Money is at $3.62 1/1, down 2 3/4 cents,
Dec 25 Corn is at $4.03 1/4, down 3 1/4 cents,
Mar 26 Corn is at $4.20 3/4, down 3 1/2 cents,
New Crop Money is at $3.58 1/4, down 3 cents,
On the date of publication, Austin Schroeder didn’t have (both immediately or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions. This text was initially revealed on Barchart.com
