Monday Update: Corn Futures Show Promising Gains
Monday, 22 July 2024, 17:02
Market Overview
Corn futures are showing **midday gains** of **7 to 9 cents** across most nearby contracts on Monday.
Crop Condition Ratings
Condition ratings expected out this afternoon via the Crop Progress report are estimated to be steady.
Forecasted Weather Impact
The 7-day QPF forecast indicates widespread rains from Mexico to Virginia.
Conclusion
With positive forecast indicators, the corn market seems poised for growth in the near term.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.