Corn futures were in retreat mode on Monday with contracts down 2 ½ to 13 ½ cents, across the board, led be the front months. Contracts were pressured by an improving weather forecast and $7.40 losses in crude oil. The CmdtyView national average Cash Corn price was down 12 1/2 cents at $4.21 1/4.
Monday’s Crop Progress report showed 78% of the US corn crop silking by July 26, 4 percentage points ahead of the 5-year average, with 25% in the dough stage. US condition ratings fell 4% at 63% in good to excellent condition, as the Brugler500 index were down 11 points to at 361.
