Commodities
Corn Prices Rally to $5 Spot Amid Strong Crop Progress
Corn futures have seen gains across most contracts on Tuesday, climbing to $5 spot prices. The CmdtyView national average Cash Corn price has also increased by 7.75 cents to $4.70.25.
The Weekly Crop Progress data for August 23 shows that 86% of the US corn crop is in the dough stage, with 45% already dented and 6% mature. Condition ratings have dropped 3%, sitting at 57% good to excellent. The Brugler500 index has decreased by 5 points to 348.
Brazilian corn acreage for 2026/27 is estimated to reach 23.3 million hectares, a 3.1% increase from last year. US corn futures have seen notable gains, with September 26 Corn at $4.99.25 and December 26 Corn at $5.21.50.