Corn Jul '15 (ZCN15)
Corn Futures Market News and Commentary
Corn futures closed out the Tuesday session falling lower, down 2 to 7 cents across most contracts at the close. Crude oil, down $5.20, added pressure. The CmdtyView national average Cash Corn price was down 7 1/4 cents at $4.13 1/2.
The weekly Crop Progress report showed condition ratings slipping another 2% at 61% in good to excellent condition, as the Brugler500 index were down 5 points to 356.Deteriotraion was noted in ND (-26), KS (-20), NE (-15), MN (-6), WI (-5), SD (-4) and MO (-1). Some improvement was seen in the I states, with IA (+2), IL (+4), and IN (+1), as well as OH (+4).
The next week is looking at precip across much of IA, MO, IN, WI, MI, OH northern IN and southern MN.
StoneX estimates the US corn yield at 184.8 bpa following their customer survey, with a production total at 16.16 bbu.
June exports of corn were tallied at 7.926 MMT (312 mbu) according to Census data released this morning, which was a record for the month and 9.29% above M... Read more
Walsh Trading · Tue Aug 4, 8:03PM CDT
I am Stephen Davis, senior market strategist at Walsh Trading, Inc., Chicago, Illinois. You can reach me at 312-878-2391. Today December 2026 corn futures...
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