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Corn rises as US crop condition ratings decline more than expected

CANBERRA: Chicago corn futures rose on Tuesday and stayed near three-year highs hit in the previous session after US crop condition ratings fell more than most analysts had expected. Wheat was flat but held close to a two-year high reached on Monday, as traders digested Ukrainian President Volodymyr Zelenskiy’s comments that there will be a “diplomatic track” with Russia on attacks that have…

Corn rises as US crop condition ratings decline more than expected

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Corn Surges, Soy Slips as Yield Fears Hit Grains

Corn led grains higher Monday as the Pro Farmer tour slashed US yield estimates, while soybeans fell on profit-taking and wheat firmed on Black Sea strikes.

  • Corn prices surge after Pro Farmer reduces US yield estimate to 173.2 bu/acre
  • Soybeans slip 1.14% despite Chinese buying and additional deliveries
  • Wheat gains modestly as Russian exports projected below five-year average

More from Tuesday 25 August →