S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Corn futures slipped into the Monday close as contracts were mostly 1 ½ to 2 ¾ cents higher. July was down ¼ cent. The CmdtyView national average Cash Corn price as 1 1/2 cents higher at $4.10.
The weekly Crop Progress report showed 16% of the US corn crop silking by July 12, 4 percentage points ahead of the 5-year average, with 6% in the dough stage. US condition ratings were left at 68% in good to excellent condition, as the Brugler500 index was up 2 to at 371.
Updated forecasts from the NOAA 7-day QPF shows little to no precipitation for an area ranging from the Dakotas, south through KS, as well as much of MN, IA, IL, and MO, with trace totals in OH and IN.
The weekly Export Inspections report showed corn shipments of 1.54 MMT (60.6 mbu) in the week of 7/9. That was an 11.26% drop from the week prior but 17.15% above the same week last year. Mexico was the largest destination of 400,015 MT, with 300,620 MT shipped to Japan and 204,633 MT to Vietnam. Shipments for the marketing year are now at 72.21 MMT (2.843 bbu) of corn, which is 24.85% above the same period last year.
Jul 26 Corn closed at $4.37 3/4, down 1/4 cent,
Nearby Cash was $4.10 1/1, up 1 1/2 cents,
Sep 26 Corn closed at $4.41, up 1 1/2 cents,
Dec 26 Corn closed at $4.63 1/4, up 2 1/4 cents,
New Crop Cash was $4.13 1/8, up 1 3/4 cents,
