Grain Express

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Corn (July)

Fundamentals: Yesterday’s weekly export inspections came in at 2,139,000 metric tons, the top end of expectations. Crop/Planting Progress was released after the close, that report showed the U.S. corn crop is 46% planted, ahead of expectations and well ahead of the 5-year average, 36%. 8% of the crop is emerged. Weather in the Midwest will become increasingly important in the coming months as the rest of the crop gets in the ground and the crop starts to develop.

Technicals: It looks like a quiet day on the dail