Corn Showing Fractional Gains at Midday

Austin Schroeder Barchart Tue Sep 17, 12:00PM CDT
Partially husked corn - by Couleur via Pixabay

Corn futures are showing steady to fractionally higher trade so far on Tuesday. The front month national Cash Corn price from cmdtyView is up ¾ cent at $3.77/bu.

USDA’s Crop Progress report showed the US corn crop at 85% dented by 9/16, 1 percentage point above normal. The crop was also reported at 45% mature, above the 38% average and 9% harvested, 3% above normal. Crop ratings were up 1% to 65% gd/ex with the Brugler500 index up 1 point to 365. By state, MN was the largest improvement, up 9, with IL up 8 points, NE 3 points higher and MO improving 2 points. Ratings in OH continue to deteriorate, down 21 points, with KS losing 12, SD down 11 IN slipping 7, ND losing 6 points and IA down 2. 

Brazil’s 2024/25 corn crop is estimated at 119.8 MMT according to CONAB’s initial estimate. That is below the 127 MMT projection from the USDA. 

Dec 24 Corn is at $4.11 1/4, up 1/2 cent,

Nearby Cash is at $3.77, up 3/4 cent,

Mar 25 Corn is at $4.29 1/2, up 1/4 cent,

May 25 Corn is at $4.40 1/4, unch,

New Crop Cash is at $3.76 7/8, up 3/4 cent,


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. For more information please view the Barchart Disclosure Policy here.