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Austin Schroeder

Corn Pops Higher on Tuesday, as USDA Cuts Ending Stocks

USDA United States CmdtyView WASDE

Corn futures posted gains of 4 to 5 cents across most contracts on Tuesday, following a bullish USDA report. The CmdtyView national average Cash Corn price was up 4 1/2 cents at $4.03 1/2.

The monthly WASDE was out this morning, showing a 125 mbu cut to US ending stocks, now at 2.029 billion bushels. That was well below estimates and came all from an increase to the export category.

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