# Sorting Out 2017 Corn Prices

> DTN analyst Todd Hultman says Dec 2017 corn has lagged while later-dated Dec 2018 corn shows a more bullish response. USDA good-to-excellent corn ratings fell from 64% to 62% and soybeans from 61% to 57% in the July 24 Crop Progress report, with double-digit poor-to-very-poor ratings in Illinois, Nebraska, Indiana and Ohio. DTN's national cash corn index was about $3.32/bu on July 21, below USDA's 2016 cost-of-production estimate of $3.67.

- Date: 2017-07-25 · published 2017-07-25T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/69980-sorting-out-2017-corn-prices
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Heat-driven rating declines point to lower corn yields, but ample old-crop stocks are capping nearby prices, so feed buyers face a market where deferred contracts carry more weather premium than spot.

## Read by commodity

- SOY: neutral
- CORN: neutral

## Sources

- dtnpf.com: https://www.dtnpf.com/agriculture/web/ag/news/article/2017/07/25/sorting-2017-corn-prices

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.