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Barchart
Austin Schroeder

Corn Showing Steady Trade as Ratings Slip

CmdtyView

Corn price action is steady to a penny lower on Tuesday morning. Futures posted gains ranging from fractional to penny in the front months on Monday. Preliminary open interest was down 29,200 contracts on Monday, with 37,997 contracts exiting September ahead of first notice day on Friday. The CmdtyView national average Cash Corn price was up by a penny at $3.71 ¾.

USDA’s Crop Progress report showed a total of 44% of the corn crop dented, with 7% pegged as mature, both in line with average. Condition ratings were steady at 71% good/excellent, as the Brugler500 index was down 1 point to 381 on a 1% move from excellent to good.

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