Corn holds rally above $4.6 near 13-week peak
Corn futures stay above $4.6 per bushel near a thirteen-week high as Pro Farmer crop-tour assessments and export demand offset USDA crop conditions and progress.
6 per bushel, near a thirteen-week high as traders weighed fresh crop assessments from the Pro Farmer Crop Tour and robust export demand. 7 bushels per acre. USDA’s Crop Progress report showed 76% of the US corn crop had reached the dough stage by August 16, with 29% dented and 4% mature, while the share rated good-to-excellent fell to 60% from 61% a week earlier. 91 million tonnes, with Mexico, Japan and Colombia among the top destinations.
1% above the same period last year, underscoring firm overseas demand. Brazil’s second-crop harvest was also only 85% complete, below the 94% average pace, adding further support.