Corn

Corn futures are mostly 1 to 2 cents higher on Tuesday, shrugging off decent progress made in planting last week. Informa estimates that the US will plant 89 million acres of corn in 2018, higher than the current USDA number of 88 million acres. Planting progress across the Corn Belt moved at a decent pace last week as IL, IN, NE and OH are all ahead of their average pace. Progress in IA was 5% below the normal pace at 65%. The main delays are in the Upper Midwest. The crop was at or above average for emergence in most Corn Belt states.

Jul 18 Corn is at $3.98 1/4, up 1 3/4 cents,

Sep 18 Corn is at $4.06 3/4, up 2 cents,

Dec 18 Corn is at $4.15 3/4, up 1 1/2 cents

Mar 19 Corn is at $4.24 1/4, up 1 1/4 cents




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