Corn futures closed the Turnaround Tuesday session with contracts down 2 to 3 cents across the front months.Â
The first leg of the ProFarmer Crop Tour kicked off on Monday, with South Dakota averaging a 156.51 bpa yield. That was below the 157.42 bpa from last year but is above the 3-year average of 142.44 bpa. Ohio yields averaged 183.29 bpa, slightly below last year’s 183.94 bpa, but larger than the three-year average of 181.06 bpa. Day 2 results will show Nebraska and Indiana yields later this evening.
The Buenos Aires Grain Exchange expects to see a 17% drop in Argentina corn area for the 2024/25 crop at 15.5 million acres.
Sep 24 Corn  closed at $3.75, down 3 cents,
Nearby Cash  was $3.62, down 2 3/4 cents,
Dec 24 Corn  closed at $3.98, down 2 1/4 cents,
Mar 25 Corn  closed at $4.17 3/4, down 1 1/2 cents,
New Crop Cash  was $3.55 5/8, down 3 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. For more information please view the Barchart Disclosure Policy here.
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