Corn Futures Climb 6 3/4 Cents as Cash Price Rises to $4.13 3/4
Updated
Updated · Barchart · Jul 7
Corn Futures Climb 6 3/4 Cents as Cash Price Rises to $4.13 3/4
3 articles · Updated · Barchart · Jul 7
Summary
December corn led Tuesday’s advance, closing up 6 1/2 cents at $4.64 1/4, while the national average cash price gained 5 cents to $4.13 3/4.
Crop Progress data showed 16% of the U.S. corn crop silking by July 5—2 points ahead of the five-year average—while good-to-excellent ratings held at 67% and the Brugler500 index stayed at 371.
State conditions were mixed beneath that steady national rating, with Brugler500 gains in Michigan, Minnesota and South Dakota offset by sharp declines in Texas and Ohio.
May export data added support: U.S. corn shipments reached 7.252 MMT, the third-largest May on record, while distillers exports were the second largest and ethanol exports hit a record 189.65 million gallons.