Corn futures are trading with contracts fractionally to a penny lower at midday on Tuesday. The CmdtyView national average Cash Corn price is down a penny to $4.36 3/4.
NASS Crop Progress data showed the US corn crop at 76% planted as of Sunday, which was 6% ahead of the 5-year average pace of 70%. The only states to be behind average pace for planting are Kansas, Michigan, and North Carolina. The crop was also 39% emerged, which is 2 percentage points faster than normal.
A couple South Korean importers purchased a total of 135,000 MT of corn in separate tenders overnight.
Jul 26 Corn is at $4.76, down 1 cent,
Nearby Cash is at $4.36 3/4, down 1 cent,
Sep 26 Corn is at $4.81 3/4, down 1/2 cent,
Dec 26 Corn is at $4.98, unch,
New Crop Cash is at $4.51 1/1, down 1/4 cent,
