Corn is trading with slightly losses of 1 to 1 ½ cents so far on Tuesday morning. Futures closed the Monday session with contracts up ¾ to 3 ¾ cents across the board, shrugging off early session losses and new contract lows. Preliminary open interest was up 20,149 contracts, implying new buying interest. The CmdtyView national average Cash Corn price was up 3 1/4 cents at $3.84 1/4.
Weekly Crop Progress data from after the close on Monday showed 94% of the US corn crop emerged by June 14, 1% above the 5-year average. US condition ratings were 68% in good to excellent condition, up 1 percentage point from the previous week. The Brugler500 index was up 1 point on higher excellent ratings to 373.
Brazil Weather Risks Boost Coffee Prices
Coffee Prices Climb on Brazil Harvest Delays
Rain in the Plains Make Grain, So Bears Are in Control of Corn, Soybean, and Wheat Prices Now