Corn futures are trading with most contracts fractionally lower so far on Tuesday. The CmdtyView national average Cash Corn price is down 3/4 cent at $4.07 1/4.
Monday’s Crop Progress report showed 94% of the US corn crop silking by August 9, with 61% in the dough stage, 6 percentage points ahead of normal. The crop was also 16% dented. US condition ratings were steady this week at 61% in good to excellent condition, as the Brugler500 index was also unchanged at 356. Deterioration was noted in ND (-26), MI (-13), MN (-8), WI (-7), IA (-6), SD (-3). Some improvement was seen in IN (+4), KS (+5), NE (+8), and TN (+1).
