Corn Prices Rise at Start of New Trading Week
Corn futures rose by 1¼ to 3½ cents across the board during Monday's trading session. The September corn futures contract expired up 1¾ cents, closing at $5.12 per bushel. Meanwhile, the national Cash Corn price averaged $4.87, reflecting an increase of 3¼ cents. The U.S. Department of Agriculture reported that as of September 13, 86% of the corn crop had reached the dented stage, with 42% mature and 8% harvested. Crop conditions improved by one percentage point to 57%, indicating good-to-excellent quality. Brazil's first corn planting for the upcoming season was at 22%, ahead of last year’s pace. Export inspections showed a decline in shipments compared to previous weeks, with total exports reaching 1.525 MMT (60.06 mbu) during the week ending September 10—down by nearly 9% from the prior week and slightly below the same period last year.
Tickers: $CORN
Topics: corn crop progress report export inspections futures trading