Corn futures ended the Tuesday session mixed, with front months declining by ¼ to 1 ¾ cents, while new crop contracts rose by ¾ to 2 ¾ cents. The national average Cash Corn price dropped 1 ½ cents to $3.83 ¾ per bushel.
As of June 14, 94% of the U.S. corn crop had emerged, 1% above the 5-year average, with condition ratings at 68% good to excellent—up 1 percentage point from the previous week. The Brugler500 index increased to 373, reflecting improvements in states like Ohio (+21) and South Dakota (+14), while conditions worsened in Iowa (-9) and Nebraska (-10).
Upcoming EIA data is anticipated to show an improvement in ethanol output for the week ending on Friday. The market is expecting precipitation across major growing regions, with rainfall totals projected at 2 to 4 inches in parts of eastern Nebraska to western Pennsylvania and various locations in the Midwest.
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