Corn prices are down 3 to 4 cents early on Tuesday. Futures rounded out the Monday session holding steady from the midday action. Contracts were down ¾ cent for September and 1 to 2 cents higher in other front months. Preliminary open interest was up 9,482 contracts on Monday. The CmdtyView national average Cash Corn price was down 1 cent at $3.65 3/4.
Monday afternoon’s weekly Crop Progress report showed the US corn crop at 97% silking, with 72% in the dough stage, both 1% back of normal. The crop was also listed at 27% dented as of Sunday, with 3% mature. Conditions slipped 1 point this week, to 71% gd/ex and 382 on the Brugler500 index.
