“Prices were down 3-8 cents today with old crop leading the way lower. The July/Dec spread has given back all of yesterday’s rebound. An attempted recovery in Dec. ’25 corn overnight stalled right at its 50-day MA. Some light showers are moving thru the central and northern Midwest today. The next system is bringing scattered showers across Central NE, helping further ease drought conditions,” Soderberg said. “The states with the most acres left to plant are IL – just under 2 mil., Ohio just under 1.5 mil., IN – 1.3 mil., KS – 960k and ND – 925k acres. The initial crop ratings showed only 68% of the crop rated G/E, towards the low end of expectations. The EU lowered their 2025 corn production forecast 1.2 mmt to 63.8 mmt, still well above the USDA forecast of 60 mmt. Without much other news today, the market was left to focus on weather which is clearly being viewed as bearish.”