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Austin Schroeder

Corn Back to Early Strength on Wednesday, as Tour Yields Continue Decline

IN NE SD CmdtyView MI WI

Corn prices are up 2 to 3 cents so far on Wednesday morning. Futures posted mixed trade on Tuesday, with contracts closing as much as 1 ¾ lower to a penny higher across the board. Open interest was up just 6,454 contracts on the day. The CmdtyView national average Cash Corn price was down 1 3/4 cents at $4.35 1/2.

The ProFarmer Crop Tour started rolled along on Tuesday, with Nebraska corn yields averaging 163.61 bushels per acre down 8.85% from the last year and 5.6% below the 3 year average. Indiana yields came in at 183.54 bpa, down 5.3% from a year ago and a 2.1% decline from the three year average. Results for Illinois will be announced later this evening.

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