Corn prices added another 2 to 4 1/4 cents to the downside across the front month contracts on Tuesday in lieu of major news developments. New crop December closed at a 51 1/2 cent discount to the spot Dec, compared to a 45c discount earlier this month and a larger than $1 discount back at the contract highs in May. March held on to a 2 1/2 cent carry, with May and July each at a 5c discount contract to contract.Â
Dalian Corn Prices remain strong, rising from 2,841 yuan/MT (~$10.07/bushel) yesterday to 2,853 yuan/MT (~$10.15/bu).Â
Ukraine’s corn harvest was nearing 50% complete.Â
Dec 22 Corn  closed at $6.56 3/4, down 2 3/4 cents,
Nearby Cash  was $6.64 5/8, down 2 1/2 cents,
Mar 23 Corn  closed at $6.59 1/4, down 4 1/4 cents,
May 23 Corn  closed at $6.58 3/4, down 3 3/4 cents,
On the date of publication, Alan Brugler did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes.
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