Corn Prices Drop as Growing Conditions Improve

Corn futures are down, with September near $4. Crop Progress data shows 18% of US corn silking, 3% in dough stage. Conditions rated 74% good/excellent. CFTC data shows specs adding 24,181 contracts to net short position. Jul 25 Corn closed at $4.14. Private sale of 112,776 MT of corn to Mexico reported. Rain expected in Central Corn Belt.

Read more at Yahoo Finance: Corn Pushing to New Lows as Conditions Improve