Corn Futures Bounce at Midday on Tuesday
Corn futures saw midday gains of 1 to 3 cents on Tuesday, July 21, 2026, following strength in the market. The CmdtyView national average Cash Corn price rose by a nickel to $4.18 ¾. The weekly USDA Crop Progress report indicated 59% of the US corn crop was silking by July 19, 5 percentage points ahead of the 5-year average, with 13% in the dough stage. Overall US condition ratings slipped 1% to 67% good to excellent, with notable declines in North Dakota, South Dakota, Colorado, Wisconsin, Kansas, Missouri, and Minnesota, while Iowa, Illinois, Indiana, Nebraska, and Ohio saw improvements. NOAA's 7-day precipitation forecast showed 1-2 inches of rain expected in parts of Nebraska, Kansas, Missouri, and Ohio, while the Dakotas, Minnesota, Wisconsin, Iowa, Illinois, and Indiana remain drier with less than 0.5 inches. Separately, President Trump announced 50% tariffs on certain Canadian goods, excluding energy and potash, citing trade discrimination.
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