Corn Loses Early Gains

Corn futures are 3 3/4 to 4 1/2 cents lower in midday trading, giving back early gains as additional rainfall either fell or was predicted for many of the dry pockets in the Corn Belt. The weekly Crop Progress report indicated that 55% of the US corn crop was in the dough stage (76% avg), with 15% dented (30% avg) as of Sunday. Condition ratings slipped 1% to 57 % gd/ex, with the Brugler500 Index down 2 points to 349. The ProFarmer Midwest Crop Tour is on its second day of yield checks. Day one averages in Ohio average were 154.35 bpa, well below the 179.5 bpa from last year and 164.4 bpa average. South Dakota average was 154.1 bpa and down 13% from the tour average last year.

SEP 19 Corn is at $3.61, down 4 cents,

DEC 19 Corn is at $3.70, down 4 1/2 cents,

MAR 20 Corn is at $3.82 3/4, down 4 1/4 cents

MAY 20 Corn is at $3.90 1/2, down 3 3/4 cents

--- provided by Brugler Marketing & Management

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