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Corn futures experienced midday losses of 1 to 2 cents on Tuesday, following a period of gains. The national average cash corn price is currently reported at $3.75 1/4, down 1 3/4 cents.
As of late Monday, the USDA’s NASS reported that 74% of the U.S. corn crop is dented, with 25% mature and initial harvest progress at 4% complete. States like Missouri have reported 9% completion, while Indiana and Illinois reported 1% and 2%, respectively. Overall condition ratings for corn saw a 1% decline to 68% good/excellent.
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