Corn

Corn futures led the way higher on Tuesday, up 3 to 5 3/4 cents, with the emphasis on continued delays in northern corn planting. Consultant Informa estimates that the US will plant 89 million acres of corn in 2018, higher than the March 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 closed at $4.02 1/4, up 5 3/4 cents,

Sep 18 Corn closed at $4.10 1/2, up 5 3/4 cents,

Dec 18 Corn closed at $4.19 1/4, up 5 cents

Mar 19 Corn closed at $4.27 1/4, up 4 1/4 cents




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