Corn Futures Fade Early Gains Amid Midday Weakness
On Tuesday, corn futures showed fractional to moderate declines at midday. The CmdtyView national average Cash Corn price dropped by 1¼ cents to $4.35 per bushel. Recent data from the ProFarmer Crop Tour revealed lower-than-expected yields in South Dakota and Ohio compared to both last year's figures and three-year averages, with results for Indiana and Nebraska expected later that evening. The USDA’s weekly Crop Progress report indicated 76% of U.S. corn crops were at the dough stage as of August 16, while conditions worsened slightly in several key states including Kansas, South Dakota, and Colorado. Meanwhile, Brazil's estimated corn exports for August rose to 5.63 million metric tons according to ANEC data. Corn prices across various futures contracts also declined modestly during the session, with September 2026 at $4.63¾ per bushel down by a quarter of a cent and December 2026 corn falling one cent.
Tickers: $CORN
Topics: corn crop_yields futures ProFarmer Crop Tour