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Barchart
Barchart
Austin Schroeder

Corn Following Up Monday with Tuesday Weakness

United States CmdtyView USDA

Corn futures are trading with 1 to 3 cent losses at Tuesday’s midday, seeing some limited follow-through from Monday’s action. The CmdtyView national average Cash Corn price was down 1 1/2 cents at $3.82 1/2. 

USDA’s Crop Production report from Monday showed US corn yield at 186.5 bpa, which was a 0.5 bpa increase from the November report. Acres were up 1.3 million on the harvested side to 91.3 million acres. That took the production number to 17.021 bbu, up 269 mbu from November. The quarterly Grain Stocks report tallied December 1 corn stocks at 13.282 bbu. That was 1.207 bbu above a year ago.

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