Corn futures are trading steady to 3 cents lower at midday. - TopicsExpress

Corn futures are trading steady to 3 cents lower at midday. Earlier this morning, private exporters reported to the USDA a sale of 180,000 MT of corn to Colombia. The most recent crop progress reported released yesterday showed the Iowa corn crop is only 35% mature compared to 95% at this time last year and the 5 yr average of 61%. The Nebraska corn crop was reported at 36% mature compared to 85% at this time last year and the 5 yr average of 46%. Overall harvested acres for the 18 largest producing states came in at 40% vs. 86% at this time last year and the 5 year average of 55%.

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