Corn bulls missed the turnaround part of the Tuesday session, as futures closed with losses of 3 to 5 cents. The CmdtyView national average new crop Cash Corn price was down 3 3/4 cents at $3.67 3/4.
Crop Progress data indicated 76% of the US corn crop was silking as of 7/27, 1 point back of the 5-year average. The crop was 26% in the dough stage, vs. the 24% average. Condition ratings were down 1 point at 73% gd/ex and 384 on the Brugler500 index. By state, IN was down 2, with MO slipping back 3 points, MN 5 points lower and TX losing 6 points. IL, IA, and NE saw a 2 point improvement, with SD up 3, ND 5 points higher, and OH up 6.
