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Barchart
Barchart
Austin Schroeder

Corn Holding Steady on Thursday AM Trade

Corn prices are unchanged across the front months on Thursday morning. Futures held onto Wednesday’s weakness into the close though the $4.80 area held on December, with contracts just fractionally to 2 ¼ cents lower. Open interest on Wednesday was down 1,791 contracts. The CmdtyView national average Cash Corn price was down 1 ¼ cents at $4.41.

The delayed Tuesday Crop Progress report showed 33% of the US corn crop harvested as of Sunday, 6 percentage points behind the average pace. Harvest pace was notably lagging in IA (-20% behind), MI (-18%), MN (-8%), NE (-8%), OH (-11%), and SD (-16%).

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