Corn futures fell back on Tuesday with contracts down 1 to 3 ¼ cents across most nearbys. The CmdtyView national average Cash Corn price was down 2 cents at $3.69 3/4.
USDA’s Crop Progress report showed condition ratings steady at 71% good/excellent, as the Brugler500 index was down 1 point to 381 on a 1% move from excellent to good. Ratings in IL were down 7 points, with IA slipping 4, as well as ND. Improvement was noted in MI (+12), with MO, MN, and NE up 2 point, and OH 14 points higher.
