Grain Express

Corn (December)

Fundamentals: December corn futures gave the background for Thursday and Friday as the beginning of harvest starts to trigger some long liquidation. Yesterday’s Crop Progress report showed the U.S. corn crop is 8% harvested, behind expectations but too early to be concerned. For those of you still keeping track of good/excellent conditions, those came in at 61%, this was 1% better than last week and 2% better than expectations. Weekly export inspections came in at 755,000 metric tons, within the range of expectations.