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Barchart
Austin Schroeder

Corn Bulls Hold onto Gains, as NASS Shows Tighter Stocks Number

NASS 4 CmdtyView WI

Corn futures faded off the initial post report strength on Tuesday, with contracts closing 4 to 6 ½ cents higher. July was up 10 ¾ cents. The CmdtyView national average Cash Corn price was 9 1/4 cents higher at $3.85 ½.

Acreage data from NASS showed 95.343 million acres of corn in this morning’s report. That came in just 5,000 acres above the March intentions report and above estimates looking for 95.1 million.

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