Corn prices are down fractionally to 2 cents early on Wednesday. Futures closed the Tuesday session with contracts down 5 to 7 cents, as September fell below the $4 mark. Preliminary open interest was down 2,349 contracts on Tuesday. There were 36 deliveries against July corn futures overnight. The front month CmdtyView national average Cash Corn price was down a nickel at $3.84. 

The Central Corn Belt is expected to receive 1 to 3 inches of rain this week, with the western half of the Plains and parts of the ECB seeing lighter totals. 

Crop Progress data showed 18% of the US corn crop was silking by July 6, 3 points ahead of normal, with 3% in the dough stage. Condition ratings were up 1% to 74% good/excellent, with the Brugler500 index improving 3 points to 385. Much of the improvement came in the West, with IA up 2 points, KS 15 points higher, and MO up 1. IL was down 9 points, with OH slipping 4 and NE down 2 points. 

UGA, a Ukraine grain trader union, estimates the country’s 2025 corn crop at 29.25 MT, with exports up to 24 MMT for 2025/26.

Jul 25 Corn  closed at $4.11, down 7 cents, currently up 1 cent

Nearby Cash  was $3.84, down 5 cents,

Sep 25 Corn  closed at $3.98, down 5 1/2 cents, currently down 1/2 cent

Dec 25 Corn  closed at $4.14 1/4, down 6 1/2 cents, currently down 1 3/4 cents

New Crop Cash  was $3.73 3/8, down 5 1/4 cents,