Corn are posting sharp losses on Wednesday, with noon losses of 6 to 7 cents throughout a lot of the entrance months.
The Tuesday afternoon Crop Progress report confirmed the US corn crop at 83% planted as of Sunday, now 1% above the typical tempo. Iowa is the one of the I-states nonetheless lag the typical tempo, with NE, CO, KY, PA, TN, and TX all behind regular as nicely. Moist climate has slowed however not stopped planting progress. Emergence was at 58% throughout the crop, even with the typical tempo.
As a result of Monday vacation, EIA information has been pushed again to a Thursday morning launch, with Export Gross sales out on Friday.
Jul 24 Corn is at $4.55 1/2, down 7 cents,
Close by Money is at $4.36 5/8, down 6 3/4 cents,
Sep 24 Corn is at $4.65 1/2, down 6 cents,
Dec 24 Corn is at $4.79 1/4, down 6 cents,
New Crop Money is at $4.44 3/4, down 6 cents,
On the date of publication, Alan Brugler didn’t have (both straight or not directly) positions in any of the securities talked about on this article. All data and information on this article is solely for informational functions. For extra data please view the Barchart Disclosure Coverage right here.
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