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Austin Schroeder

Corn Rallying on Tuesday, Hitting $5 Spot Futures

CmdtyView United States

Corn futures are trading with 6 to 8 cent gains across most contracts on Tuesday. The CmdtyView national average Cash Corn price is up another 7 3/4 cents at $4.70 1/4.

Weekly Crop Progress data showed 86% of the US corn crop in the dough stage by August 23, with 45% dented and 6% listed as mature. Condition ratings were down 3% this week at 57% in good to excellent condition, as the Brugler500 index was down 5 points to 348. Ratings in ND (-22) took a dive, with KS (-5), NE (-6), OH (-10), SD (-2), and MN/IL (-1) all seeing a drop.

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