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Barchart
Barchart
Austin Schroeder

Corn Starting Turnaround Tuesday with a Bounce

Corn prices are showing an early Tuesday bounce, with contracts up 2 to 2 ½ cents. Futures posted losses of 1 to 5 ½ cents across the board on Monday, pulling off some of the early lows at the close. Open interest was down 5,437 contracts on Monday, mainly in the December contract. The CmdtyView national average Cash Corn price was down 5 1/4 cents at $4.79 3/4.

The Monday NASS Crop Progress report showed 72% of the US corn crop listed as mature as of September 27, with harvest at 18% complete and now matching average pace. Condition ratings were steady this week at 57% in good to excellent condition, as the Brugler500 index unchanged at 347.

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