Corn futures are working on their sixth consecutive day of gains, as most contracts are steady to a penny higher. As of Tuesday evening, the national average cash corn price was $3.15 1/4 according to the DTN national corn index. That is 2 1/4 cents lower than the same day last year, as the basis, at -37 1/2 cents, is even with a year ago. The weekly EIA report will be delayed until Thursday morning due to the shortened holiday week. Consultant Michael Cordonnier is sticking with his 88 MMT forecast for Brazilian corn production, with Argentina at 42 MMT.

Mar 18 Corn is at $3.53 1/2, up 3/4 cent,

May 18 Corn is at $3.62, up 1 cent,

Jul 18 Corn is at $3.70 1/4, up 3/4 cent

Sep 18 Corn is at $3.77 1/4, up 1/2 cent

Market Commentary provided by:

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