Corn futures are mixed with July contracts down 2 cents at $4.32 3/4, while September is up 5 1/4 cents to $4.25 and December is up 4 3/4 cents to $4.39 3/4. The national average Cash Corn price is also down 2 cents, currently at $4.09 1/4.
As of the latest USDA Crop Progress report, 94% of corn is emerged nationwide, matching the five-year average. The overall corn condition rating improved by 1 point to 72% good/excellent, though certain states like Indiana and Iowa saw declines of 4 points, while Nebraska improved by 8 points.
Scattered rains are expected across the Corn Belt over the next week, according to NOAA’s 7-day QPF.
