Corn Bulls Trying to Take Control on Wednesday
Crop Progress data showed crop ratings by state, IN was down 2, with SD and OH slipping 1, and MI falling 9. Improvement was noted in MO (+14), ND (+6), NE and IL (+3), with IA ratings steady.
Coffee Prices Fall Back After Monday's Surge
Coffee Prices Fall Back After Monday's Surge
How About those Crop Condition Numbers for Corn and Soybeans?
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Rains are expected to be rather widespread this next week according to NOAA's 7-day QPF, with much of the Corn Belt seeing 1 to 3 inches.
Brazil corn exports are expected to total 4.3 MMT in July according to ANEC, a 0.26 MMT increase from their prior number and above the 3.55 MMT from last year.
EIA data will be released this morning with some looking for a steady ethanol production number during the week that ended on July 11.
Sep 25 Corn closed at $4.01 1/4, up 1 1/4 cents, currently up 4 1/4 cents
Nearby Cash was $3.88 3/4, up 1 1/4 cents,
Dec 25 Corn closed at $4.19 3/4, up 1 3/4 cents, currently up 5 cents
Mar 26 Corn closed at $4.36 3/4, up 2 cents, currently up 5 1/2 cents
New Crop Cash was $3.77 1/4, up 1 1/2 cents,
On the date of publication, Austin Schroeder did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com
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