Corn futures closed the day 3 1/4 to 4 cents higher on Turnaround Tuesday. The weekly EIA report will be released Wednesday morning at 9:30 a.m. CST. Informa Economics increased their 2017 US corn acreage projection to 90.186 million acres, up from their May estimate of 89.7 million acres. The Crop Progress report showed IL, IA, and IN with slightly lower conditions, as the Dakotas dropped significantly. SD was down 33 points to 327, with ND down 13 to 350 points.

Jul 17 Corn closed at $3.81, up 3 3/4 cents,

Sep 17 Corn closed at $3.88 1/2, up 3 1/2 cents,

Dec 17 Corn closed at $3.99, up 3 1/2 cents

Mar 18 Corn closed at $4.08 1/4, up 3 1/2 cents

Market Commentary provided by:

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