Corn futures were under pressure on Monday, as longs head for the exits ahead of USDA’s report on Tuesday. Contracts were down 5 ¼ to 11 ½ cents at the close. Tuesday is first notice day for July futures. The CmdtyView national average Cash Corn price was 10 3/4 cents lower at $3.76.
The weekly Crop Progress report showed 9% of the US corn crop silking by June 28, 3 percentage points ahead of the 5-year average. US condition ratings were 67% in good to excellent condition, down 1% from the previous week, as the Brugler500 index slipped 2 points to 371.
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