Daily Corn Price Tracker with Vanessa Clark
https://www.instagram.com/vanessaclarkipai This is your Corn podcast. Hey friends, welcome back to Daily Corn Price Tracker. I am Vanessa Clark, and today we are talking about what is happening right now in the corn market and where prices are trading. Let us start with the futures market, since that is what sets the tone for a lot of cash bids across the country. According to the Nebraska Daily Elevator Grain Bids report from the United States Department of Agriculture, the Chicago Board of Trade July twenty twenty six corn futures contract most recently settled around four dollars and seventy seven cents per bushel, with September at about four dollars and eighty two cents and December near four dollars and ninety eight cents. Those later month contracts being a bit higher than nearby months tell us the market is still carrying a small premium for grain delivered further out, which is pretty typical when supplies look comfortable but not overwhelming. Looking at broader futures data, Investing dot com reports that recent United States corn futures have been trading in a range roughly in the mid four dollar zone per bushel, with a fifty two week range that dips into the low four dollar area. That puts today’s prices in the lower half of the past year’s band, which suggests corn is relatively cheap compared with some of the spikes we saw in recent years. Cash prices back at the local elevator level are also shaped by basis, that is the difference between your local cash bid and the futures price. The Nebraska Daily Elevator Grain Bids from the United States Department of Agriculture shows cash bids for number two yellow corn in parts of Nebraska running in the upper three dollar to low four dollar per bushel range once that basis is applied. Tools like the cash grain bids finder from AgWeb let you plug in your zip code to see what your own nearby elevators are actually paying today. So what is the takeaway for you as a farmer, feeder, or small hedger watching corn prices every day? First, know your local basis. Futures might say four eighty, but if your basis is forty under, your real cash price is closer to four forty. Second, compare new crop bids for fall delivery versus holding on to old crop grain. With December futures trading higher than nearby months, it can sometimes pay to lock in those forward prices if they meet your breakeven. That is it for today’s Daily Corn Price Tracker with me, Vanessa Clark. Thanks for listening, keep an eye on those bids, and be sure to subscribe and tune in tomorrow for your next quick update on corn prices. For more http://www.quietplease.ai Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai For some deals, check out https://amzn.to/4hSgB4r
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