Corn Posting Turnaround Tuesday Rally

Austin Schroeder Barchart Tue Sep 16, 12:27PM CDT
Corn field blue sky by Alberto Masnovo via iStock

Corn futures are posting 5 to 6 ¼ cent gains across most contracts on Turnaround Tuesday. The CmdtyView national average Cash Corn price is up 5 3/4 cents at $3.85. 

Crop Progress data showed 85% of the US corn crop dented as of Sunday, with 41% mature. Harvest was pegged 7%, matching the 5-year average pace. Condition ratings were down 1% to 67% gd/ex, as the Brugler500 index was 3 points lower to 372. The only of the major states to see an increase in conditions were IL (+2), NE (+3), and OH (+1). Conditions dropped in IN (-7), IA (-4), MN (-3), MO (-3), and ND (-4).

Early harvest reports are coming back with some looking at yields below last year. The market will be looking to see if this is a wider trend as harvest pushes or just due to the early crop coming off. 

Dec 25 Corn is at $4.29 1/4, up 6 cents,

Nearby Cash is at $3.85 1/1, up 5 3/4 cents,

Mar 26 Corn is at $4.47 1/4, up 6 1/4 cents,

May 26 Corn is at $4.56 3/4, up 5 1/2 cents,


On the date of publication, Austin Schroeder 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.