In early trading, the Sept. corn futures are 4½¢ higher at $5.42½. New-crop Dec. futures are 4½¢ higher at $5.40. March corn futures are 4¼¢ higher at $5.47. Sept. soybean futures are 15¼¢ higher at $13.09. Nov. soybean futures are 15¢ higher at $13.07. January soybean futures are 15¾¢ higher at $13.13.
On Tuesday, there were reports from private exporters to the USDA about export sales of 132,000 metric tons of soybeans for delivery to China during the 2021/2022 marketing year. Also, by the private exporters, export sales of 125,300 metric tons of corn for delivery to Mexico during the 2021/2022 marketing year. MONDAY AFTERNOON, the USDA Crop Progress report showed corn conditions were unchanged at good to excellent to 62% GE, lower than the long term average at 65.2%. The price might hold at a higher level due to slight supply shortages.
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