Corn Eases Decrease on Tuesday

Corn futures fell again on Tuesday with contracts down 1 to three ¼ cents throughout most nearbys. The CmdtyView nationwide common Money Corn value was down 2 cents at $3.69 3/4.

USDA’s Crop Progress report confirmed situation rankings regular at 71% good/glorious, because the Brugler500 index was down 1 level to 381 on a 1% transfer from glorious to good. Rankings in IL have been down 7 factors, with IA slipping 4, in addition to ND. Enchancment was famous in MI (+12), with MO, MN, and NE up 2 level, and OH 14 factors larger.

Brazil’s August exports are estimated to whole 7.8 MMT in accordance with ANEC, which was a drop of 0.25 MMT from their earlier estimate.

Sep 25 Corn  closed at $3.87 1/2, down 1 3/4 cents,

Close by Money  was $3.69 3/4, down 2 cents,

Dec 25 Corn  closed at $4.09 1/2, down 2 3/4 cents,

Mar 26 Corn  closed at $4.26 1/2, down 3 1/4 cents,

New Crop Money  was $3.67, down 1 3/4 cents,

On the date of publication, Austin Schroeder didn’t have (both instantly or not directly) positions in any of the securities talked about on this article. All info and knowledge on this article is solely for informational functions. This text was initially printed on Barchart.com