Corn price action is showing steady trade across the front months on Wednesday morning. Futures closed out the Tuesday session with contracts down 3 to 4 cents, as the market tries to digest some of the current boots on the ground data. The CmdtyView national average Cash Corn price was down 3 1/4 cents at $3.62 1/2.
Day 2 of the annual ProFarmer showed a Nebraska yield estimated at 179.5 bpa, up from 173.25 bpa last year and the 166.33 3-year average, but shy of their 2021 record. USDA is looking for a 4 bpa increase yr/yr. Yield in Indiana was estimated at 193.82 bpa, which is up 6.28 bpa from last year’s tour total and well 10.71 bpa above the 3-year average. USDA was looking for a 7 bpa increase from last year in last Tuesday’s report.
