Corn Prices Inch Upwards Midweek, Potential Market Tightening

Corn prices are up 1 to 3 cents, with September aiming to surpass $4. The national average Cash Corn price is at $3.86. EIA report shows a 9,000 bpd increase in production and a decrease in stocks. Traders predict a reduction in old crop corn stocks and new crop production, tightening the new crop stock estimate.

Current corn prices: Jul 25 Corn $4.13 1/2, Nearby Cash $3.86 0/1, Sep 25 Corn $4.00, Dec 25 Corn $4.15 3/4, New Crop Cash $3.75 1/4. Austin Schroeder did not have any positions in the mentioned securities. News originally published on Barchart.com.

Read more at Yahoo Finance: Corn Trying to Put Together a Midweek Bounce