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Barchart
Austin Schroeder

Corn Holding Steady on Wednesday Morning as Harvest Lag Continues

CmdtyView

Corn prices are holding near unchanged this morning, with some contracts fractionally higher. Futures closed the Tuesday session with contracts fractionally to a penny lower across the board. Open interest was down 642 contracts. The CmdtyView national average Cash Corn price was unch at $4.42 1/2. Rains fell in parts of KS, MO and IL overnight, putting a pause on some harvest.

The delayed Tuesday Crop Progress report showed 91% of the US corn crop mature as of October 11, with harvest at 33% complete and 6 percentage points behind the average pace. Condition ratings were back up 2% this week at 56% in good to excellent condition, as the Brugler500 index was 4 points lower higher at 346.

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