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 MarketCorn futures closed out the Tuesday session with some gains. July was up just ¼ cent as the bear spreading continued, with December now par with July and up 2 ¾ cents on the day. The front month CmdtyView national average Cash Corn price was up ½ cent at $4.14 3/4.
Weekly Crop Progress data showed the US corn crop now 93% planted as of Sunday, matching the 5-year average, with emergence 1 percentage point ahead of normal at 78%. Planting pace is still lagging in IN (-4%), KY (-9%), OH (-15%), PA (-13%), and TN (-5%). The second week of condition ratings saw a 1% shift to good/excellent at 69%, with the Brugler500 index up 1 point to 375. The biggest changes were in CO (+26 points), ND (+16), TX (+19), and MN (+9), with KY down 14 points, TN dropping 10, and IL slipping 7.
Ukraine’s Ag minister estimates the country’s corn crop near 26 MMT, which is below the 30.5 MMT from the USDA’s initial target. EU corn exports since July 1 have totaled 18.2 MMT, which is ahead of the 17 MMT total in the same point last year.
Jul 25 Corn closed at $4.38 1/2, up 1/4 cent,
Nearby Cash was $4.14 3/4, up 1/2 cent,
Sep 25 Corn closed at $4.23 1/2, up 2 3/4 cents,
Dec 25 Corn closed at $4.38 1/2, up 2 3/4 cents,
New Crop Cash was $3.96 1/2, up 2 3/4 cents,
