🌽 Corn Breaks to New Summer Highs
Corn is pushing to new summer highs, breaking above the July high near $4.92.
A close above that level would put the $5.00 mark squarely in focus.
December corn: $4.94¾, +6¾¢
September corn: $4.69¾, +6½¢
Deferred contracts are already above $5:
March corn: $5.10
July corn: $5.20
There is very little carry in the market, especially when factoring in interest costs.
🌽 Pro Farmer Tour Raises More Yield Concerns
The Pro Farmer Crop Tour continues to find problems across both the Western and Eastern Corn Belt.
Ohio and Indiana are showing trouble, with yields coming in below last year’s
