Corn and Soybean Prices See Morning Gains Amid Lower Crop Conditions

Corn and soybean prices are up on Tuesday morning, August 25, according to the latest data from Successful Farming.

As of 9:07 a.m. CT, December corn was trading at $5.18¼ per bushel, an increase of 2¾¢ from the previous day's close.

November soybeans were also higher, up 4¢ at $12.28¼ per bushel.

Cole Raisbeck, commodities broker with Kluis Commodity Advisors, attributed the gains to lower crop conditions, which are now below the five-year average for both corn and soybeans.

The market will be closely watching updates on the 6-10 day outlook and actual rainfall totals across the Corn Belt as soybeans enter pod fill.