Corn Closes Tuesday with Contracts Over $5 Across the Board

Corn futures concluded the Tuesday trading session with a 7 ¾ to 10 ¼ cent increase across all contracts. Every contract closed above the $5 mark, with the CmdtyView national average Cash Corn price surging an additional 9 cents to reach $4.71 1/2. According to the latest Weekly Crop Progress data, 86% of the U.S. corn crop was in the dough stage by August 23, 45% of it already dented, and 6% listed as mature.

However, condition ratings declined by 3% this week, sitting at 57% in good to excellent condition. The Brugler500 index dropped 5 points to 348 during the same period. Notably, condition ratings in North Dakota plummeted by -22, while Kansas (-5), Nebraska (-6), Ohio (-10), South Dakota (-2), and Minnesota/Illinois (-1) also witnessed drops.

On the morning of Tuesday, coffee prices rebounded after an early loss due to Brazilian coffee warehouses filling up. Meanwhile, sugar prices softened as India may import less sugar than initially expected. The article concludes with the disclaimer that Austin Schroeder did not hold any positions in the mentioned securities on the publication date and that the information provided is solely for informational purposes.