Mark Soderberg at ADM Investor Services said, “Prices were $.05-$.06 lower today closing near session lows. Spreads were mixed with nearby Sept/Dec widening to a new low at ($.20 ¾). Support for Dec-25 is at its contract low at $4.07 ½.” Chad Pater at CHS Hedging said, “The crop progress report released today after the close had corn’s good-to-excellent rate at 73%, down 1 point from last week as expected. Last year at this time the corn crop was rated 68% good to excellent.” Brandon Doherty at Total Farm Marketing said, “In a move to support domestic farmers, Argentine President Milei announced a reduction in corn export taxes from 12% to 9.5%. The cut could make Argentine corn more competitive on the global market.”