Corn futures rise into Tuesday as cash index climbs to $4.13 3/4 per bushel
U.S. corn futures extended gains as cash prices firmed and export data reinforced demand resilience. Crop progress shows silking ahead of the 5-year average with overall condition ratings steady, though several key states saw deterioration, adding localized weather risk. May exports were the third-largest on record, with strong distillers shipments and record ethanol exports supporting nearby pricing despite ongoing supply availability.
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U.S. corn futures extended gains on Tuesday, with the most-active contracts up 1 3/4 to 6 3/4 cents. The CmdtyView national average Cash Corn price rose 5 cents to $4.13 3/4 per bushel. Crop Progress data showed silking running ahead of the five-year average, while conditions deteriorated in some key states including TX and OH. May export figures were among the strongest on record and ethanol exports set a record, offering support despite nearby supply pressure.