July Corn Hits All Time High

July corn pushed to a contract high and all-time high today, the CME Group said in its Thursday afternoon report. With the USDA corn production estimate at 55 m/bu. below expected usage and ending stocks already at the second tightest in history compared with usage, any further declines in production would suggest that demand will need to be rationed. This was the key positive force for the corn market today. As Seen on marketwatchonline.com