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Barchart
Barchart
Austin Schroeder

Corn Bulls Pushing Higher on Monday After Ratings Drop, Lower Tour Yields

United States CmdtyView

Corn price action is up 1 to 2 cents so far on Tuesday morning. Futures closed the Monday session with contracts 3 to 6 ¼ cents higher across most months. Open interest suggested net new buying, up 15,298 contracts, mainly in December. The CmdtyView national average Cash Corn price was up 6 1/4 cents at $4.36 1/4.

The ProFarmer Crop Tour started on Monday, with South Dakota corn yields averaging 149.09 bushels per acre down 14.41% from the last year and 8.37% below the 3 year average. Ohio yields came in at 180.18 bpa, down 2.97% from a year ago and a 2.25% decline from the three year average.

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