Corn price action is down 2 to 3 cents so far on Tuesday. Futures took back much of the Monday weakness, with contracts closing 5 to 6 ¾ cents in the front months and steady to 2 cents higher in the deferreds. Open interest was down just 1,991 contracts on Tuesday. The CmdtyView national average Cash Corn price was up 6 3/4 cents at $4.28 1/4.
Monday's Crop Progress report showed condition ratings falling 4% at 63% in good to excellent condition, as the Brugler500 index were down 11 points to at 361. The only major state to see a ratings improvement was MO, with a NC and TN also higher. All of the other 15 reported states were lower, led by a 29 point drop in CO, with MI down 28 points, ND falling 21 point, SD dropping 20 and NE falling 18 points.
Tightness in the Near-Term Supply Outlook Boosts Coffee Prices
Sell Wheat Now as Prices Fall on Russia-Ukraine Rumors
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#down #prices #falling
Monday's Crop Progress report showed condition ratings falling 4% at 63% in good to excellent condition, as the Brugler500 index were down 11 points to at 361. The only major state to see a ratings improvement was MO, with a NC and TN also higher. All of the other 15 reported states were lower, led by a 29 point drop in CO, with MI down 28 points, ND falling 21 point, SD dropping 20 and NE falling 18 points.
Tightness in the Near-Term Supply Outlook Boosts Coffee Prices
Sell Wheat Now as Prices Fall on Russia-Ukraine Rumors
Sugar Prices Fall as Crude Oil Plunges
#down #prices #falling
5 days ago
