Corn futures are trading with contracts 1 to 2 cents higher at midday. The CmdtyView national average Cash Corn price is up 2 1/4 cents at $3.98 1/4.
After a near month and a half hiatus, USDA released their Crop Progress report showing 91% of the corn crop harvested as of 11/16, behind the 94% average harvest pace over the last 5 years.
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A South Korean importer purchased a total of 65,000 MT of corn in a tender on Tuesday, likely US origin.
Dec 25 Corn is at $4.36 3/4, up 2 cents,
Nearby Cash is at $3.98 1/4, up 2 1/4 cents,
Mar 26 Corn is at $4.49 1/2, up 1 1/2 cents,
May 26 Corn is at $4.56 3/4, up 1 1/4 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. For more information please view the Barchart Disclosure Policy here.
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