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Barchart
Barchart
Austin Schroeder

Corn Posts Modest Wednesday Weakness

Corn 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. 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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