Watch us on RFD-TV, today at 9:45 AM CT! Corn (December)
Fundamentals: Weekend weather and updated forecasts look beneficial for some key growing areas which has put a headwind in the market to start the week. Though weather remains important, it will be less of a factor as we continue to roll through the month. The big-ticket item this week is Thursday’s USDA report. The average analyst estimate for the U.S. corn yi8eld is 177.6 bushels per acre. Ending stocks are estimated to be near 1.297 billion bushels. Crop progress will be out after the close, expectations are for steady ratings to a slight decline.
Technicals: December corn futures were 11